The NAGA Group AG / DE000A161NR7
28.06.2024 - 21:05:03The NAGA Group AG publishes 2023 Annual Report – 2024 Capital Markets Day in the wake of the merger with CAPEX.com
| The NAGA Group AG / Key word(s): Annual Report/Annual Results 28.06.2024 / 21:05 CET/CEST The issuer is solely responsible for the content of this announcement. Hamburg, 28 June 2024 – The NAGA Group AG (XETRA: N4G, ISIN: DE000A161NR7), provider of the all-in-one financial SuperApp NAGA, today published its annual report with the audited consolidated financial statements for 2023. In a difficult market environment, NAGA achieved the planned turnaround in earnings by making significant savings in all key cost items. With Group revenues of EUR 39.7 million (2022: EUR 57.6 million), Group EBITDA improved to EUR 8.4 million (2022: EUR -13.7 million). The deviation from the preliminary revenues reported on 9 January 2024 is attributable to the reclassification of the balance of income and expenses from NAGA Coin (NGC) market making to other operating income. On the cost side, the reduction in marketing and advertising expenses to EUR 4.6 million (2022: EUR 28.3 million) resulted in customer acquisition costs per trading account falling to the lowest level in the Company's history at EUR 380 (2022: EUR 1,510). At the same time, the majority of non-financial key figures such as active users, trades, and trading volume were up on the previous year. It is particularly pleasing that, despite the lower level of new customer business as a result of reduced marketing activities, user-related key figures such as average activity, portfolio size, and lifetime value showed a strong upward trend. At around 8.4% (2022: 11.6%), the research and development ratio in relation to revenues remained at a high level in the past financial year 2023, reflecting in particular the expansion of the functionalities of the Naga Trader app, the NEO banking app NAGA Pay and the Naga X platform. Group key figures
More information The complete Annual Report 2023 of The NAGA Group AG is available here. Invitation to the 2024 Capital Markets Day The NAGA Group AG cordially invites analysts, investors, shareholders as well as media and partners to virtually join its Capital Markets Day on 11 July 2024, 16.00 CEST. The 2024 Capital Markets Day will provide valuable insights into the strategic vision and growth ambitions of the NAGA Group. Octavian Patrascu, CEO of The NAGA Group appointed in January, will host the Virtual 2024 Capital Markets Day and elaborate on the Company's latest achievements, its plans for the future, and the innovative path the Group is forging. To register for the virtual 2024 Capital Markets Day, please click here. Following the event, information will be made available in the Investor Relations section of the company's website, which can be found here. This will include a PDF file with the presentation, a full recording of the live event, and additional supporting materials. About NAGA NAGA is a leading German Fintech Company offering a SuperApp with the aim to merge social trading, investing in stocks, crypto, and neo banking into one unified platform, powered by its proprietary advanced technology. Operating in over 100 countries with 9 local offices, NAGA offers a diverse range of services for both fiat and cryptocurrencies. The platform features a physical VISA card with fiat and automatic crypto conversion plus cashback, dynamic social feeds, and advanced autocopy functions, enabling users to replicate the strategies of successful traders. Designed for a global community, NAGA provides an inclusive and efficient financial ecosystem for personal finance and trading. Investor Relations Contact The NAGA Group AG Michael Milonas Co-Founder and Deputy CEO ir@naga.com 28.06.2024 CET/CEST Dissemination of a Corporate News, transmitted by EQS News - a service of EQS Group AG. The issuer is solely responsible for the content of this announcement. The EQS Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Archive at www.eqs-news.com |
| 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 (Basic Board), Hamburg, Munich, Stuttgart, Tradegate Exchange |
| EQS News ID: | 1936103 |
| End of News | EQS News Service |
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