THE NAGA GROUP AG Reports Strong Start to 2025 Amid Strategic Growth Efforts

The NAGA Group AG, having undergone a transition year in 2024, reported Q1 2025 figures suggesting a positive start to the year. Final FY24 results showed sales at €63.2 million, slightly outpacing preliminary figures. The decline from the previous year was attributed to the strategic closure of non-core segments. Despite this, the EBITDA margin rose from 11.5% in FY23 to 14.3% in FY24, supported by merger synergies and improved efficiency.

For Q1 2025, NAGA's sales reached €16.4 million, a 7% year-on-year increase, fueled by a rise in average daily trades per customer and an increased customer lifetime value (CLV). The EBITDA of €1.0 million was impacted by heightened marketing investments anticipated to boost future growth. Marketing expenses are projected to grow by over 50% in FY25 and another 18% in FY26.

NAGA anticipates revenue increases of 19% in FY25 and 32% in FY26, with EBITDA margins reaching 17% and 28%, respectively. The management's current measures are deemed suitable for achieving these ambitious targets, affirming the company's potential trajectory toward its growth objectives.