paragon performs strongly in final quarter – Annual targets fully achieved even in tough industry environment – Largest order in company history received
Delbrück, 20. January 2022 –paragon GmbH & Co. KGaA [ISIN DE0005558696] has capitalized on its highly innovative product portfolio to achieve its revenue and earnings targets following a strong final quarter, despite the recent turmoil in the automotive sector. According to initial preliminary figures, sales at Group level increased by 15.2% to € 146.5 million (2020: € 127.2 million).
This figure is in line with the management’s communicated forecast and shows that paragon successfully compensated for some order call-offs from key major customers and fully achieved its targets. This is primarily attributable to the pleasing development in the Interior and Digital Assistance business units alongside sustained very robust demand for air quality management solutions from the Sensors business unit. Consistent cost management along the entire value chain is also bearing fruit: the preliminary figures reveal that the EBITDA margin rose to a strong 13.5% in 2021 (previous year: 10.8%). At the same time, there was
Preliminary figures for 2021 show: Group revenue at around € 146.5 million (previous year: € 127.2 million) despite temporary supply chain problems at automotive manufacturers, thus fully meeting revenue forecast for 2021
EBITDA margin also reveals pleasing rise to target value of 13.5% (previous year: 10.8%)
Revenue drivers: particle sensors, display instruments and the young Digital Assistance business unit
Strong start to 2022: paragon secures OEM order worth around € 40 million for AI-based voice control system
Revenue target for 2026 of € 250 to 300 million
Extension of euro bond term planned in light of growth potential
