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    N4G   DE000A161NR7

THE NAGA GROUP AG

(N4G)
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PRESS RELEASE : The NAGA Group AG: Successful turnaround: NAGA significantly increases group EBITDA to EUR 6.6 million in 2020

06/29/2021 | 08:17am EDT
DGAP-News: The NAGA Group AG / Key word(s): Preliminary Results 
The NAGA Group AG: Successful turnaround: NAGA significantly increases group EBITDA to EUR 6.6 million in 2020 
2021-06-29 / 14:14 
The issuer is solely responsible for the content of this announcement. 
=---------------------------------------------------------------------------------------------------------------------- 
Successful turnaround: NAGA significantly increases group EBITDA to EUR 6.6 million in 2020 
- Platform trading revenues tripled to EUR 24.3 million 
- Successful turnaround with consolidated net profit of EUR 2.0 million 
- Accelerated growth through targeted additional spending on product development, expansion and marketing 
- Growth speed underpins significant upside potential 
Hamburg, June 29, 2021 - NAGA Group AG (XETRA: N4G, ISIN: DE000A161NR7), provider of the social network for financial 
market trading NAGA.com, publishes the preliminary group figures for the successful 2020 financial year. 
With a total output of EUR 26.3 million (previous year: EUR 8.4 million), NAGA achieved the turnaround in the record 
year 2020 with platform trading revenues of EUR 24.3 million (previous year: EUR 5.6 million), a group EBITDA of EUR 
6.6 million (previous year: EUR -9.2 million) and a consolidated annual net profit of EUR 2.0 million (previous year: 
EUR -13.4 million loss). The management's strategy to market NAGA globally through increased investments in marketing & 
sales and the focus on customer support and platform quality has led to significant growth. As of December 31, 2020, 
the number of customers increased by 72% to 43,646. The number of active users has more than doubled, while the number 
of transactions rose by 117% to over 6.3 million and the trading volume tripled to EUR 120 billion. Another highlight 
is the strong increase in transactions resulted primarily from copy trading. More than 1.7 million trades were copied 
at NAGA, which corresponds to a growth of more than 142%. 
Continuation of the strong growth in 2021: EBITDA expansion to EUR 13 million to EUR 15 million expected 
For 2021, the Management Board confirms the group sales forecast issued at the beginning of the year of an increase to 
EUR 50 million to EUR 52 million and a group EBITDA of EUR 13 million to EUR 15 million. 
The record figures achieved so far in the first half of 2021 impressively underpin this ambitious annual forecast. In 
2021, NAGA accelerates its investments specifically in marketing, sales and geographic expansion in order to increase 
awareness of the NAGA group of companies and their innovative products. In addition to existing branches in Cyprus, 
China, Thailand and Nigeria, NAGA is aiming to start business in Australia, South Africa and Vietnam this year, after 
licensing. In the coming quarters, NAGA will announce further product updates in order to further improve the platform 
quality and user experience, alongside the go-live of its payment app NAGA Pay. 
The company also informs about a delay in regard to the completion of the audit and the publication of the 2020 
consolidated financial statements. The background are primarily COVID-19-related delays in the preparation and audit of 
the annual financial statements in Cyprus, which was classified as a high-risk area for several months during the audit 
period. This made it considerably more difficult to carry out the on-site visits required as part of the audit. The 
Management Board expects to publish the 2020 consolidated financial statements in the course of July and assures that 
this is purely a process-related delay and not an audit-related delay. 
### 
About NAGA 
NAGA is an innovative fintech company that seamlessly connects personal finance transactions and investments through 
its social trading platform. The company's proprietary platform offers a range of products from stock trading, 
investments and cryptocurrencies to a physical VISA Card. Additionally, the platform allows for exchanges with other 
traders, provides relevant information in the feed, and autocopy features for successful members' trades. NAGA is a 
synergistic total solution that is easily accessible and inclusive. It provides an improved foundation to trade, 
invest, network, earn and pay. 
Press contact 
Andreas Luecke 
The NAGA Group AG 
press@naga.com 
=---------------------------------------------------------------------------------------------------------------------- 
2021-06-29 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG. 
The issuer is solely responsible for the content of this announcement. 
The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. 
Archive at www.dgap.de 
=---------------------------------------------------------------------------------------------------------------------- 
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:  1213320 
 
End of News   DGAP News Service 
=------------ 

1213320 2021-06-29

 
Image link: 
https://eqs-cockpit.com/cgi-bin/fncls.ssp?fn=show_t_gif&application_id=1213320&application_name=news 
 

(END) Dow Jones Newswires

June 29, 2021 08:16 ET (12:16 GMT)

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Financials
Sales 2021 53,5 M 62,9 M 62,9 M
Net income 2021 7,94 M 9,34 M 9,34 M
Net cash 2021 10,9 M 12,8 M 12,8 M
P/E ratio 2021 30,5x
Yield 2021 -
Capitalization 233 M 274 M 274 M
EV / Sales 2021 4,16x
EV / Sales 2022 2,71x
Nbr of Employees 112
Free-Float 18,9%
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The NAGA Group AG Technical Analysis Chart | N4G | DE000A161NR7 | MarketScreener
Technical analysis trends THE NAGA GROUP AG
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Income Statement Evolution
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Mean consensus BUY
Number of Analysts 3
Last Close Price 5,70 €
Average target price 8,37 €
Spread / Average Target 46,8%
EPS Revisions
Managers and Directors
Benjamin Bilski Chairman-Management Board
Andreas Luecke Chief Financial Officer, Head-Legal & HR
Harald Patt Chairman-Supervisory Board
Alexander Braune Director-Operations
Sandra Pankin Administrative Manager
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