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FAQ: naoo AG's Transition to IFRS Reporting and ERP Integration
TL;DR
Naoo AG's IFRS transition and ERP integration provide competitive advantages through enhanced global comparability and operational synergies from the Kingfluencers acquisition.
Naoo AG is transitioning to IFRS reporting standards while integrating Kingfluencers AG onto a unified ERP platform to streamline finance, HR, and sales processes.
These strategic moves by naoo AG create a stronger foundation for sustainable growth and enhanced transparency, benefiting both users and business partners globally.
Naoo AG is adopting international accounting standards and unifying systems across its influencer marketing subsidiary, creating a more streamlined digital ecosystem.
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naoo AG announced it is transitioning its consolidated financial reporting to International Financial Reporting Standards (IFRS) and integrating Kingfluencers AG onto its unified ERP platform to drive operational efficiency and scalability.
The transition to IFRS strengthens alignment with international capital markets, enhances global comparability with listed peers, and increases transparency for the international investment community.
The Group will issue its first consolidated IFRS financial statements with the 2025 Annual Report, which will include further details on the transition.
The unified ERP platform eliminates redundant processes, provides consolidated data, and captures operational synergies from the Kingfluencers acquisition by streamlining key functions including finance, HR, and sales.
Kevin Dragon is the CFO of naoo AG who stated that the transition to IFRS is a key pillar of their international growth strategy and that these initiatives build a strong foundation for scalable value creation.
Kingfluencers is a company of naoo AG and operates as a specialized agency brand within the naoo group, serving as Switzerland's leading agency for influencer and social media marketing with over 3,000 influencers in its network.
naoo AG is headquartered in Zug, Switzerland and is listed on the Dusseldorf Stock Exchange with ticker symbol NAO and ISIN CH1323306329.
The initiatives strengthen international capital market alignment, enhance financial reporting comparability, drive operational efficiency through system integration, and create a foundation for scalable value creation.
Further information can be found at https://www.naoo.com, and the naoo app is available in both the Apple App Store and Google Play Store.
Curated from NewMediaWire
