Original-Research: THE NAGA GROUP AG - from NuWays AG
Classification of NuWays AG to THE NAGA GROUP AG
Mixed FY24 prelims // Detailed guidance for FY25&26; chg. NAGA reported preliminary FY24 figures that came in as a mixed back with stronger than expected EBITDA but lower topline. Further, the company provided a detailed guidance for FY25e and FY26e. In detail:
As the topline guidance fell short of expectations, we consider it as a rather conservative with room for positive surprises, while the bottom line looks quite ambitious. Reiterate BUY with a reduced PT of € 1.20 (old: € 1.40) based on DCF. You can download the research here: http://www.more-ir.de/d/31727.pdf For additional information visit our website: https://www.nuways-ag.com/research-feed Contact for questions: NuWays AG - Equity Research Web: www.nuways-ag.com Email: research@nuways-ag.com LinkedIn: https://www.linkedin.com/company/nuwaysag Adresse: Mittelweg 16-17, 20148 Hamburg, Germany ++++++++++ Diese Meldung ist keine Anlageberatung oder Aufforderung zum Abschluss bestimmter Börsengeschäfte. Offenlegung möglicher Interessenskonflikte nach § 85 WpHG beim oben analysierten Unternehmen befinden sich in der vollständigen Analyse. ++++++++++
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