The Naga Group AG presented a forecast for 2020 on Monday. The Hamburg-based company expects sales to increase from EUR 6.2 million last year to a total of between EUR 22 million and EUR 24 million. On an EBITDA basis, the company forecasts an operating profit that should be between EUR 5.5 million and EUR 6.0 million. In 2019, EBITDA was still minus 9.1 million euros.
The focus is on strong growth and fully on 2021, says Naga CEO Benjamin Bilski: “The planned growth is primarily linked to increased investments in marketing and sales. We have collected fresh capital for this. This partly has a stronger impact on EBITDA within the quarters, as was the case in Q2. ” However, this is essential if you want to gain further market share and build momentum. “With the increasing business and expenditure, we still aim for an EBITDA margin of around 25 percent,” said Bilski.
At a glance – chart and news: The Naga Group