29-01-2018 | Press releases

paragon AG Expecting a More Than 40 Percent Increase in Revenue to Around € 175 Million for 2018

Delbrück, January 29, 2018 – paragon AG [ISIN DE0005558696] expects a further acceleration of its growth for the current fiscal year. According to the forecast, Group sales are expected to rise by more than 40 percent to € 175 million, driven primarily by the Electromobility and Body Kinematics units. In fiscal year 2017, the company achieved its revenue and earnings targets according to the preliminary, unaudited figures.

  • Revenue and earnings targets for 2017 achieved according to preliminary figures

  • Group sales increase by around 20 percent to approximately € 124 million in 2017 (prior year: € 102.8 million)

  • Electromobility is currently the Group’s biggest growth driver, posting gains of around 75 percent

  • Adjusted EBIT margin for 2017 expected within the target range of 9.0 to 9.5 percent

  • Electromobility and Body Kinematics driving accelerated growth in the current year

  • EBIT margin expected to be around 9 percent in 2018