• Forecast 2020 published after successful capital increase and record half year
• Sales expectations of EUR 22 - 24 million
• EBITDA expected at EUR 5.5 - 6 million
Contacts
Name:Benjamin Bilski
Tel:+49 (0)40 5247 79153
Email:ben@naga.com, ingo.janssen@ubj.de
• Sales expectations of EUR 22 - 24 million
• EBITDA expected at EUR 5.5 - 6 million
HAMBURG, Germany-Monday 27 July 2020 [ AETOS Wire ]
(BUSINESS WIRE)--
The NAGA GROUP (XETRA: N4G, ISIN: DE000A161NR7), provider of the social
network for investing NAGA.com, today announced a sales and earnings
forecast for the current fiscal year 2020.
After
a strong first half of the year with a clear growth trend for all KPIs
such as new registrations, deposits, transactions and trading volumes,
the Management Board expects significant growth in both total sales and
earnings before interest, taxes, depreciation and amortization (EBITDA).
Based on current expectations, the Management Board anticipates sales
of between EUR 22 million and EUR 24 million in the course of the 2020
financial year (Sales 2019: EUR 6.2 million). Accordingly, the
Management Board calculates an EBITDA between EUR 5.5 million and EUR 6
Million (EBITDA 2019: EUR - 9.1 million).
"As
mentioned in previous press releases, we are focusing strongly on
growth. Our goal is to quadruple sales in 2020 compared to 2019. We not
only want to underline the turnaround, but also to show investors that
NAGA offers an innovative product, has a clear technological lead over
the competition and therefore has strong growth potential. The planned
growth is primarily linked to increased investments in marketing and
sales. We have collected fresh capital for these initiatives. This has a
stronger impact on EBITDA in some quarters, as it was the case in Q2,
but it is essential to gain further market share and build momentum.
With the anticipated growth, we still aim for an EBITDA margin of around
25% and focus on 2021 to start with a lot of momentum and grow even
faster", comments CEO Benjamin Bilski.
About NAGA
NAGA
is an innovative fintech company that has developed a socially enhanced
financial system that creates a unified and seamless experience across
personal finance and investing. Its proprietary platform offers a range
of products ranging from trading, investing, and cryptocurrencies to a
physical Mastercard and social investing features such as a Feed, a
Messenger and Auto-Copy. NAGA is a synergistic all-in-one solution
that's accessible and inclusive, and that provides a better way to
trade, invest, connect, earn, acquire and pay, across both fiat and
crypto.
Language: English
Company: The NAGA Group AG Hohe Bleichen 12 20354 Hamburg Germany
E-mail: info@naga.com
Internet: www.naga.com
ISIN: DE000A161NR7
WKN: A161NR
Indices: Scale 30
Listed: Regulated Unofficial Market in Berlin, Dusseldorf, Frankfurt (Scale), Hamburg, Munich, Stuttgart, Tradegate Exchange
EQS News ID: 1102391
Company: The NAGA Group AG Hohe Bleichen 12 20354 Hamburg Germany
E-mail: info@naga.com
Internet: www.naga.com
ISIN: DE000A161NR7
WKN: A161NR
Indices: Scale 30
Listed: Regulated Unofficial Market in Berlin, Dusseldorf, Frankfurt (Scale), Hamburg, Munich, Stuttgart, Tradegate Exchange
EQS News ID: 1102391
View source version on businesswire.com: https://www.businesswire.com/news/home/20200727005411/en/
Contacts
Name:Benjamin Bilski
Tel:+49 (0)40 5247 79153
Email:ben@naga.com, ingo.janssen@ubj.de
