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    N4G   DE000A161NR7

THE NAGA GROUP AG

(N4G)
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The NAGA Group AG plans NASDAQ IPO, publishes sales guidance for 2022 and announces changes to its regulated activities in the United Kingdom

11/24/2021 | 02:57am EST

DGAP-Ad-hoc: The NAGA Group AG / Key word(s): IPO/Forecast
The NAGA Group AG plans NASDAQ IPO, publishes sales guidance for 2022 and announces changes to its regulated activities in the United Kingdom

24-Nov-2021 / 08:55 CET/CEST
Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.


Ad hoc announcement according to Art. 17 Market Abuse Regulations

-The Naga Group AG plans NASDAQ IPO, publishes sales guidance for 2022 and announces changes to its regulated activities in the United Kingdom -

Hamburg, 24th November 2021 - NAGA Group AG (XETRA: N4G, ISIN: DE000A161NR7), provider of the social network for trading, cryptocurrencies and payments NAGA.com, is planning an initial public offering ("IPO") and an associated listing on the US technology exchange NASDAQ for 2022.

NAGA's IPO and listing in the US could be completed as early as the second half of 2022, subject to market conditions and other conditions. Details will be determined by NAGA at a later stage in the process. NAGA expects through the US IPO access to a much broader group of investors and to further significantly strengthen its profile on the capital market.

These efforts are supported by a continuously strong development of the operative business. For the financial year 2022, the company expects consolidated sales of EUR 95 million to EUR 105 million, which corresponds to a approx. doubling of the sales planned for 2021, as well as consolidated earnings before interest, taxes, depreciation and amortization (EBITDA) of EUR 25 million. up to EUR 30 million.

At the same time, the company announces that its direct business relationships in regards to regulated activities with UK-based customers of the companies within the group are to be terminated in the course of December. The UK's Financial Conduct Authority are aware of this change.

The resulting changes in sales and margins have already been taken into account in the above guidance.

Important Notice:
The Company's shares have not been, and will not be, registered under the U.S. Securities Act of 1933 and may not be offered or sold in the United States absent registration or an applicable exemption from registration requirements. This release is not for distribution, directly or indirectly, in or into the United States, including its territories and possessions. This release does not constitute or form a part of any offer or solicitation to purchase or subscribe for securities.


Contact:
The NAGA Group AG
Andreas Luecke
Management Board
Hohe Bleichen 12
20354 Hamburg
T: +49 (0)40 524 77910
E: ir@naga.com


24-Nov-2021 CET/CEST 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: 1251570

 
End of Announcement DGAP News Service

1251570  24-Nov-2021 CET/CEST

fncls.ssp?fn=show_t_gif&application_id=1251570&application_name=news&site_id=zonebourse_sftp

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Financials
Sales 2021 55,3 M 61,8 M 61,8 M
Net income 2021 4,40 M 4,91 M 4,91 M
Net cash 2021 61,6 M 68,7 M 68,7 M
P/E ratio 2021 44,3x
Yield 2021 -
Capitalization 297 M 335 M 331 M
EV / Sales 2021 4,25x
EV / Sales 2022 2,18x
Nbr of Employees 112
Free-Float -
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Mean consensus BUY
Number of Analysts 3
Last Close Price 5,61 €
Average target price 13,58 €
Spread / Average Target 142%
EPS Revisions
Managers and Directors
Benjamin Bilski Chief Executive Officer
Andreas Luecke Chief Financial Officer, Head-Legal & HR
Harald Patt Chairman-Supervisory Board
Hans Jochen Lorenzen Member-Supervisory Board
Robert Sprogies Member-Supervisory Board
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