sur The Naga Group AG (isin : DE000A161NR7)
The NAGA Group AG Meets 2024 Expectations Amid Organizational Transition
Hamburg, 5 February 2025 – The NAGA Group AG reports its financial year 2024 outcomes as broadly aligning with internal forecasts. Following the completion of the intricate reverse merger with the former CAPEX Group, the focus shifted towards integrating the businesses and optimizing operations.
In 2024, NAGA transitioned towards a unified business model, leading to decreased marketing expenditures but improved cost efficiency. Revenues reached EUR 62.3 million, down from a pro-forma EUR 77.5 million in 2023. The EBITDA margin rose to 13%, indicating improved profitability despite reduced marketing efforts.
Plans for 2025 involve leveraging these efficiencies for greater profitability and returning to 2023 revenue levels. Notably, 2024 marked NAGA's first cash break-even performance, highlighting its shift towards financial self-sustainability.
R. E.
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