13-11-2023 | Corporate & Ad-hoc news | Financial news | Press releases

paragon confirms nine-month figures

Delbrück, November 13, 2023 - paragon GmbH & Co. KGaA [ISIN DE0005558696] today published its interim report as of September 30, 2023, confirming the nine-month figures already communicated in October. paragon increased its revenue in the first nine months of 2023 to EUR 122.0 million (previous year: EUR 118.5 million) and at the same time further reduced its net debt.

• Revenue from continuing operations increases to EUR 122.0 million in the first nine months (previous year: EUR 118.6 million)

• EBITDA from continuing operations grows to EUR 16.3 million in the first nine months (previous year: EUR 8.5 million)

• Asset deal with Clarios leads to positive earnings contribution and reduces debt

• Debt (bank and bond liabilities less cash and cash equivalents) down to EUR 49.0 million (end of 2019: EUR 121.3 million)

• Positive net profit of EUR 4.4 million after nine months leads to earnings per share of EUR 0.97

• Bond buyback program launched

• Development work for vehicle manufacturer ElectricBrands AG proceeding according to plan