22-08-2022 | Corporate & Ad-hoc news | Financial news | Press releases

paragon grows by 14.1% in the first six months of 2022 and again raises revenue forecast for the year

Delbrück, Germany, August 22, 2022 – Today, paragon GmbH & Co. KGaA [ISIN DE0005558696] published its condensed interim financial statements as of June 30, 2022 and updated its outlook for the year as a whole.

  • Despite the difficult economic environment in the first six months of 2022, paragon brings in record revenue of € 86.4 million (prior year: € 75.7 million)

  • Delbrück-based automotive supplier proves to be sustainable and robust in the face of negative external factors (coronavirus lockdowns, war in Ukraine, scarcity of chips, supply chain problems

  • EBITDA of € 8.9 million in the first six months (prior year: € 11.2 million) primarily influenced by noncash one-time effects of € 3.1 million

  • Increases in the costs of materials, logistics and energy largely offset by improved efficiency along the value chain

  • Revenue forecast for 2022 of € 165 million now raised to € 170 million – operating EBITDA margin still expected to be more than 15%