paragon forecasts further revenue and EBIT growth for 2016
The Managing Board of the publicly listed automotive supplier paragon AG has specified its forecast for the coming year. Consolidated Group revenue is set to grow by a further total of around 8% compared with 2015 and cross the € 100 million mark. Earnings are also expected to rise, with an EBIT margin of around 9% of revenue. Alongside the ongoing strong business performance with sensors, microphones and cockpit systems, the key growth drivers will be the Body Kinematics business division and above all Electromobility. This business division – with its Voltabox subsidiaries in Germany and the US – should contribute revenue of more than € 15 million and thus account for an increasingly significant share of total Group revenue.
Consolidated Group revenue to grow by around 8% and cross the € 100 million mark
EBIT margin of approx. 9% expected
Electromobility as key growth driver
Internationalization: battery systems in the US and air quality in China