The NAGA Group AG Publishes 2023 Annual Report, Announces 2024 Capital Markets Day

The NAGA Group AG has released its 2023 Annual Report, detailing a successful turnaround in earnings despite a challenging market. The company reported Group revenues of EUR 39.7 million, down from EUR 57.6 million in 2022. However, Group EBITDA improved significantly to EUR 8.4 million from a loss of EUR 13.7 million the previous year.

Cost-saving measures, particularly in marketing and advertising, reduced expenses to EUR 4.6 million from EUR 28.3 million in 2022. This optimization led to the lowest customer acquisition costs in the company's history, at EUR 380 per trading account.

NAGA also saw an increase in key non-financial metrics, including active users, trades, and trading volume. The R&D ratio remained high, reflecting the expansion of functionalities across Naga’s financial platforms.

The company invites stakeholders to its Virtual 2024 Capital Markets Day on 11 July 2024, where CEO Octavian Patrascu will discuss the Group's achievements and future plans.