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    N4G   DE000A161NR7

THE NAGA GROUP AG

(N4G)
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Real-time Estimate Quote. Real-time Estimate Tradegate - 10/21 05:49:17 am
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The NAGA Group AG continues record growth in April: New monthly record for signups, deposits and volume

05/12/2021 | 07:44am EDT

DGAP-News: The NAGA Group AG / Key word(s): Monthly Figures
The NAGA Group AG continues record growth in April: New monthly record for signups, deposits and volume

12.05.2021 / 13:42
The issuer is solely responsible for the content of this announcement.


NAGA continues record growth in April: New monthly record for signups, deposits and volume
 

  • Close to 40,000 new accounts opened in April
  • Active user and copy-trades at record levels
  • Board of Directors re-appointed for further five years

Hamburg, May 12th, 2021 - NAGA Group AG (XETRA: N4G, ISIN: DE000A161NR7), provider of the social network for financial market trading NAGA.com, issues a trading update for April.

NAGA achieved a new record in monthly account openings for its trading platform. In April close to 40,000 trading accounts were opened, which represents a growth of more than 50% month over month. Also, active clients, deposits and trading volume are at new record levels on a monthly base with volumes crossing ?22 billion for the first time.

"In contrast to our peers, NAGA is accelerating its growth. We remain bullish on our targets and by keeping this pace Q2 will be another record growth quarter, especially in terms of transactions, and volumes. Our retention and acquisition metrics are healthy, we keep on improving our platform and customer experience every single day. Also, the engagement ratios and the copy activity are extremely promising enabling us to further build competitive advantage with our unique FinTech ecosystem", comments NAGA's Founder Benjamin Bilski.

Finally, NAGA reports that it has re-appointed its Board of Directors Benjamin Bilski as Group CEO, Michalis Mylonas and Andreas Luecke as Group Executives for further 5 years to lead NAGA to further growth. "We are pleased with the trust in our Management Team, especially by our major investor FOSUN. We are ready for many more exciting years at NAGA as there is a huge growth potential still in front of us!", adds Bilski.


###


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 Mastercard. 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. This applies to both fiat and crypto products.



12.05.2021 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: 1195929

 
End of News DGAP News Service

1195929  12.05.2021 

fncls.ssp?fn=show_t_gif&application_id=1195929&application_name=news&site_id=zonebourse_sftp

© EQS 2021
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Financials
Sales 2021 55,5 M 64,6 M 64,6 M
Net income 2021 8,27 M 9,63 M 9,63 M
Net cash 2021 33,7 M 39,2 M 39,2 M
P/E ratio 2021 39,2x
Yield 2021 -
Capitalization 310 M 361 M 361 M
EV / Sales 2021 4,98x
EV / Sales 2022 3,19x
Nbr of Employees 112
Free-Float 18,9%
Chart THE NAGA GROUP AG
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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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Sell
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Mean consensus BUY
Number of Analysts 3
Last Close Price 7,58 €
Average target price 9,87 €
Spread / Average Target 30,2%
EPS Revisions
Managers and Directors
Benjamin Bilski Chief Executive Officer
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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