DGAP-News: The NAGA Group AG / Key word(s): Preliminary Results/Forecast 
The NAGA Group AG closes record year with EUR 25.9 million in sales and 
announces sales guidance of EUR 50 million - EUR 52 million for 2021. 
 
2021-01-11 / 11:07 
The issuer is solely responsible for the content of this announcement. 
 
*NAGA closes record year with EUR 25.9 million in sales and announces sales 
guidance of EUR 50 million - EUR 52 million for 2021.* 
 
*- Preliminary sales for 2020 at EUR 25.9 million with an unaudited EBITDA 
of around EUR 6 million* 
 
*- Records in volume and transactions in Q4 2020* 
 
*- Guidance for 2021: Group sales of EUR 50 million - EUR 52 million with 
EBITDA of EUR 13 million - EUR 15 million.* 
 
Hamburg, January 11th, 2021 - The NAGA GROUP (XETRA: N4G, ISIN: 
DE000A161NR7), provider of the social network for financial market trading 
NAGA.com, recorded in Q4 2020 via its FinTech platform once again new highs 
in terms of trading volume and the number of real money transactions. Over 
EUR 40 billion in trading volume and over 1.9 million transactions were 
processed which marks an increase of more 33% and 20% respectively to the 
previous quarter. 
 
For 2020 preliminary group sales amount to EUR 25.9 million with an 
unaudited EBITDA of around EUR 6 million. In 2020 NAGA recorded EUR 120 
billion in trading volume (2019: EUR 44 billion) and 6.3 million 
transactions (2019: 2.9 million). The number of active users has more than 
doubled in the course of the year. Customer deposits were over EUR 50 
million, which is also a doubling compared to the previous year. 
 
"2020 was definitely a special one for us. We are happy with the overall 
development of our platform and the business. Our strategy of marketing NAGA 
globally and focusing on customer support and platform quality has had the 
first significant effects. We see 2020 as an intermediate step to further 
strong growth, which is why we decided to invest more in marketing again in 
Q4 instead of looking at the EBITDA margin only. We are now free of 
operational legacy from the restructuring and can fully attack in 2021", 
NAGA CEO Benjamin Bilski comments on the preliminary 2020 figures. 
 
Based on the strong development in 2020, the further global expansion and 
the rising client demand for digital investing and banking products, NAGA 
provides a sales guidance of EUR 50 - 52 million for 2021 with an EBITDA of 
EUR 13 million - EUR 15 million. 
 
"We started 2021 with the strongest week in our company's history and 
recorded over 200,000 transactions and EUR 4 billion in trading volume with 
sales in the seven-digit range. This clearly shows that our strategy of 
continuing to invest in marketing is paying off more and more. It is 
essential to build more brand exposure for NAGA and secure further market 
share. The interest in the capital markets, digital currencies and banking 
sector is higher than ever and will continue to grow. We are confident that 
we will be able to expand our business further, and the start in Australia 
(subject to regulatory approval) will also give us additional power", Bilski 
comments on the forecasts for 2021. 
 
Furthermore, the company announces that it plans to obtain further licensing 
for the brokerage business but also for the banking business for 2021. "In 
the light of the strong growth of our Neo-Banking App NAGA Pay, our 
short-term goal is to build a digital bank parallel to the trading 
platform," concludes Bilski. 
 
### 
 
*About NAGA* 
 
NAGA is an innovative ?ntech company that has developed a socially enhanced 
?nancial system that creates a uni?ed and seamless experience across 
personal ?nance 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 ?at and crypto. 
 
2021-01-11 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: 1159647 
 
End of News DGAP News Service 
 
1159647 2021-01-11

(END) Dow Jones Newswires

January 11, 2021 05:07 ET (10:07 GMT)