01-04-2019 | Financial news | Press releases | Corporate & Ad-hoc news

paragon Confirms Preliminary Results for 2018 and an Optimistic Outlook for the Current Fiscal Year

Delbrück, Germany, April 1, 2019 – Today, the management of paragon [ISIN DE0005558696] published its results for the 2018 fiscal year and confirmed its forecast for the current fiscal year. Accordingly, the Management expects the company to remain on its dynamic growth path as a result of its heightened visibility in the automotive growth areas of digitalization, CO2 reduction, increased comfort and urbanization. According to the forecast, Group revenues in the current fiscal year will increase by about 25% to € 230 to 240 million with an EBIT margin of about 8%. The Sensors and Digital Assistance units in the automotive sector will make particular contributions to this. However, the largest growth driver will once again be the subsidiary Voltabox AG in the Electromobility operating segment, whose revenue will see an increase of approximately 60 to 70% to € 105 to 115 million.

  • Group revenues of € 187.4 million above the recently increased forecast range (€ 180 to 185 million)

  • EBIT of € 14.8 million; EBIT margin of 7.9% as forecast

  • Equity ratio of 49.1%; € 48.9 million of free liquidity as of the end of the year

  • Electromobility grows by 170.9% to € 66.9 million (prior year: € 24.7 million)

  • Body Kinematics grows by 274.9% to € 35.0 million (prior year: € 9.3 million)

  • Forecast for 2019: Further revenue growth of approximately 25% to about € 230 to 240 million, with an EBIT margin of about 8%

  • Managing Director Dr. Stefan Schwehr will dedicate himself to his own entrepreneurial activities in the future