Brief: Naga Group Plans NASDAQ IPO, Publishes Sales Guidance For 2022

NAGA AG

24/11/2021 07:59

Nov 24 (Reuters) - NAGA GROUP AG  N4G.DE :
    * PLANS NASDAQ IPO, PUBLISHES SALES GUIDANCE FOR 2022 AND
ANNOUNCES CHANGES TO ITS REGULATED ACTIVITIES IN THE UNITED
KINGDOM
    * OUTLOOK 2022: EXPECTS CONSOLIDATED SALES OF EUR 95 MILLION
TO
EUR 105 MILLION
    * IPO AND LISTING IN US COULD BE COMPLETED AS EARLY AS
SECOND HALF
OF 2022
    * OUTLOOK 2022: CONSOLIDATED EARNINGS BEFORE INTEREST,
TAXES,
DEPRECIATION AND AMORTIZATION (EBITDA) OF EUR 25 MILLION. UP TO
EUR 30 MILLION
    * RESULTING CHANGES IN SALES AND MARGINS HAVE ALREADY BEEN
TAKEN
INTO ACCOUNT IN ABOVE GUIDANCE
    * COMPANY ANNOUNCES THAT ITS DIRECT BUSINESS RELATIONSHIPS
IN
REGARDS TO REGULATED ACTIVITIES WITH UK-BASED CUSTOMERS OF
COMPANIES WITHIN GROUP ARE TO BE TERMINATED IN COURSE OF
DECEMBER

Source text for Eikon:  ID:nEQ1Q1FJ1a 
Further company coverage:  N4G.DE 

 (Gdansk Newsroom)
 ((gdansk.newsroom@thomsonreuters.com; +48 58 769 66 00;))