07.04.2020 The NAGA Group AG  DE000A161NR7

DGAP-News: NAGA turns profitable - Record sales of EUR 7 million with a net profit of EUR + 2.1 million for the first quarter


 

DGAP-News: The NAGA Group AG / Key word(s): Quarter Results
NAGA turns profitable - Record sales of EUR 7 million with a net profit of EUR + 2.1 million for the first quarter

07.04.2020 / 14:41
The issuer is solely responsible for the content of this announcement.


  • Strongest quarter in company's history
     
  • Volume, transactions and client deposits at new record levels
     
  • Strong EBITDA-, EBIT- and net profit result


Hamburg, 7th April 2020 - The NAGA Group closed the first quarter of 2020 with a provisional record result of EUR 7 million in sales (Q1/2019: EUR 0.6 million) and a provisional net profit of EUR + 2.1 million (Q1/2019: EUR - 3.9 million loss). The unaudited EBITDA stands at EUR + 3.3 million (Q1/2019: EUR - 2.8 million), whilst unaudited EBIT is at EUR + 2.2 million (Q1/2019: EUR - 3.9 million). With an all-time high of 1.2 million trades for the quarter, also a record trading volume of EUR 23 billion was recorded. In addition, customers deposited more than EUR 12.5 million into the platform, which was the highest in a quarter. The number of active accounts has doubled since the beginning of the year, while the number of new registrations has tripled.

"Thus the turnaround is apparent for NAGA. Looking back to our very beginnings it is extremely positive that we turned this FinTech profitable in less than 5 years since inception. Especially after the challenges we faced last year, when we had to take extreme measures, showed us that a startup story can have both ups and downs. But strict discipline, forward-thinking and consistently pursuing our vision have brought us to where we are today. Personally, I am pleased with the cash flow-relevant EBITDA which gives us further strength in order to implement our high growth ambitions. We are already running a self-sustaining business, that was our primary goal for 2020. Our cost structure and operating structure today is very lean and dynamic. The entire NAGA organization can therefore adapt to growth just as quickly as last year to the restructuring", explained Benjamin Bilski, founder and CEO of NAGA.

Especially during the Corona virus crisis NAGA has adapted very quickly. The company has set up a full remote-working environment whilst ensuring that the platform works without any interruptions. On the technological side NAGA increase the system capacity and was able to scale with rising client's requests and transaction volumes. "We have seen from the trading industry that numerous firms - especially in Germany - halted trading temporarily and had severe issues. NAGA had full uptime of our execution engine. It proves that our focus on proprietary technology and infrastructure pays off".

NAGA will continue to grow its business on a global scale. The company expects further growth results from the recently started initiatives in Uruguay as well as in China.

"After the strong Q4 2019 we have confirmed that the growth was indeed sustainable. We will be now more attentive than ever when it comes to our business development and strategic decision of investing money. We still have significant room for improvements and growth. The overall market interest for online-trading and especially in user-friendly concepts like NAGA's is growing fast. We will continue to identify new markets and roll out both our marketing and sales initiatives. I am confident that our shareholders and the market appreciate our growth path. The trust in our concept is building and in my opinion it should also be reflected in our share price", concludes Benjamin Bilski.

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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.



07.04.2020 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.

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Language: English
Company: The NAGA Group AG
Hohe Bleichen 12
20354 Hamburg
Germany
E-mail: [email protected]
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: 1017423

 
End of News DGAP News Service

1017423  07.04.2020 

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Die wichtigsten Finanzdaten auf einen Blick
  2017 2018 2019 2020 2021 2022 2023e
Umsatzerlöse1 12,84 16,12 7,62 24,35 52,88 57,60 45,50
EBITDA1,2 2,88 0,27 -9,17 4,50 -4,20 -13,73 7,00
EBITDA-Marge3 22,43 1,67 -120,34 18,48 -7,94 -23,84
EBIT1,4 -1,90 -4,82 -12,18 0,94 -9,55 -36,86 0,00
EBIT-Marge5 -14,80 -29,90 -159,84 3,86 -18,06 -63,99 0,00
Jahresüberschuss1 -2,24 -4,10 -13,38 0,17 -10,76 -37,05 0,00
Netto-Marge6 -17,45 -25,43 -175,59 0,70 -20,35 -64,32 0,00
Cashflow1,7 -4,16 -2,93 -2,40 1,61 -12,90 -14,52 0,00
Ergebnis je Aktie8 -0,14 -0,10 -0,30 -0,01 -0,23 -0,18 -0,69
Dividende8 0,00 0,00 0,00 0,00 0,00 0,00 0,00
Quelle: boersengefluester.de und Firmenangaben

  Geschäftsbericht 2022 - Kostenfrei herunterladen.  
1 in Mio. Euro; 2 EBITDA = Ergebnis vor Zinsen, Steuern und Abschreibungen; 3 EBITDA in Relation zum Umsatz; 4 EBIT = Ergebnis vor Zinsen und Steuern; 5 EBIT in Relation zum Umsatz; 6 Jahresüberschuss (-fehlbetrag) in Relation zum Umsatz; 7 Cashflow aus der gewöhnlichen Geschäftstätigkeit; 8 in Euro; Quelle: boersengefluester.de

Wirtschaftsprüfer: MSW

INVESTOR-INFORMATIONEN
©boersengefluester.de
Naga Group
WKN Kurs in € Einschätzung Börsenwert in Mio. €
A161NR 1,004 54,26
KGV 2025e KGV 10Y-Ø BGFL-Ratio Shiller-KGV
0,00 1,72 0,00 -4,33
KBV KCV KUV EV/EBITDA
0,43 - 1,19 7,31
Dividende '22 in € Dividende '23e in € Div.-Rendite '23e
in %
Hauptversammlung
0,00 0,00 0,00 21.12.2023
Q1-Zahlen Q2-Zahlen Q3-Zahlen Bilanz-PK
31.10.2023 16.11.2023
Abstand 60Tage-Linie Abstand 200Tage-Linie Performance YtD Performance 52 Wochen
25,50% -9,39% -6,17% -45,49%
    
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FinTech , A161NR , N4G , XETR:N4G