The Naga Group AG Announces Sales and Earnings Guidance For 2020
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
To view this piece of content from cts.businesswire.com, please give your consent at the top of this page.
View source version on businesswire.com: https://www.businesswire.com/news/home/20200727005411/en/
Contact information
Name:Benjamin Bilski
Tel:+49 (0)40 5247 79153
Email:ben@naga.com, ingo.janssen@ubj.de
About Business Wire
For more than 50 years, Business Wire has been the global leader in press release distribution and regulatory disclosure.
Subscribe to releases from Business Wire
Subscribe to all the latest releases from Business Wire by registering your e-mail address below. You can unsubscribe at any time.
Latest releases from Business Wire
Rimini Street to Report Third Quarter 2025 Financial Results on October 30, 202514.10.2025 19:00:00 EEST | Press release
Rimini Street, Inc. (Nasdaq: RMNI), a global provider of end-to-end enterprise software support, managed services and innovation solutions, and the leading third-party support provider for Oracle, SAP and VMware software, today announced it will report earnings after market close on October 30, 2025. The company will host a conference call and webcast on that date to discuss the third quarter and the 2025 outlook at 5:00 p.m. Eastern / 2:00 p.m. Pacific time. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20251014139026/en/ A live webcast of the event will be available on Rimini Street’s Investor Relations site via the Rimini Street IR events link and directly via the webcast link. Dial-in participants can access the conference by dialing 1-800-836-8184. A replay of the webcast will be available for one year following the event. About Rimini Street, Inc. Rimini Street, Inc. (Nasdaq: RMNI), a Russell 2000® Company, is a proven,
Esri’s ArcGIS Maritime to Support Next-Generation S-100 Production Capabilities for Advanced Nautical Charting14.10.2025 19:00:00 EEST | Press release
Esri, the global leader in geographic information system (GIS) technology, announced new capabilities in ArcGIS Maritime to support production of S-100 compliant nautical charts, marking a major milestone in the evolution of hydrographic data management. Maritime organizations will also be able to generate S-57 charts alongside S-101 charts, which will enable them to more seamlessly leverage GIS. Crucial for supporting the latest spatial data and technologies, the shift to S-100 ready charting will enhance maritime navigation, safety, and situational awareness. The new S-100 series of standards developed by the International Hydrographic Organization (IHO) introduces a modern, extensible framework for electronic navigational charts, bathymetric data, and other marine information products. “The core mission of maritime authorities like hydrographic offices is supporting safe navigation, but they are increasingly being called upon to support broader priorities like the blue economy and e
Best-Selling Cessna Citation Latitude Reach Continues to Grow With First Order in Argentina14.10.2025 18:59:00 EEST | Press release
Textron Aviation Inc., a Textron Inc. (NYSE: TXT) company has announced the first order of its best-selling Cessna Citation Latitude in Argentina. The aircraft, which continues to grow in popularity, was ordered by longtime Citation customer, Jet Clipper S.A., a charter operator in Argentina also covering Uruguay and Paraguay; it is expected to be delivered in 2026. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20251014636481/en/ Best-selling Cessna Citation Latitude reach continues to grow with first order in Argentina (Photo Credit: Textron Aviation). “In a region where time and access are critical, the Citation Latitude’s range and short-field capabilities empower customers to reach remote destinations quickly and efficiently,” said Marcelo Moreira, vice president, Sales, Latin America. “The Latitude will support the customer's existing operations by offering the perfect balance of performance and comfort expected from a C
Veracode Named a Leader in the Gartner® Magic Quadrant™ Application Security Testing for 11 th Consecutive Time14.10.2025 18:48:00 EEST | Press release
Veracode, the global leader in application risk management, has once again been positioned as a Leader in the 2025 Gartner® Magic Quadrant™ for Application Security Testing (AST)¹. This marks the company’s 11th consecutive time as a Leader since the report was first published. The analysis represents one of the industry’s most in-depth and unbiased evaluations of market competitors. “Over nearly two decades, Veracode has earned a reputation as a trusted partner for thousands of organizations worldwide,” said Derek Maki, Senior Vice President & Head of Product at Veracode. “From pioneering security integration into the software development lifecycle to redefining AI-powered application risk management, we’ve always been at the forefront of innovation. We believe our continued position as a Leader in the Gartner Magic Quadrant reflects our unwavering commitment to customer success and the meaningful impact we deliver to business leaders, developers, and security teams every day. As AI fu
From the Court to Commerce: Tennis Champion Rafael Nadal to Headline VTEX Connect Europe 202514.10.2025 18:08:00 EEST | Press release
VTEX (NYSE: VTEX), the sole Customers’ Choice commerce platform for two years by Gartner® and trusted by global brands including Colgate, Stanley Black & Decker, and Whirlpool, announces that 22-time Grand Slam tennis champion and entrepreneur Rafael Nadal, will headline VTEX Connect Europe on November 11, 2025, at Pavilhão Carlos Lopes in Lisbon, Portugal. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20251014941918/en/ Held alongside Web Summit 2025, the world’s largest technology gathering, VTEX Connect Europe on November 11 has become the premier evening for global digital commerce to unite. The event will bring together thousands from retail, manufacturing, and technology to uncover ways enterprise digital commerce and AI has transformed operations, customer experience, and growth strategy. This year’s event will also feature an in-depth conversation with Rafael Nadal, including how he is approaching his entrepreneurial
In our pressroom you can read all our latest releases, find our press contacts, images, documents and other relevant information about us.
Visit our pressroom