03-03-2016 | Press releases | Corporate & Ad-hoc news

Sales record for paragon AG in 2015

paragon AG increased its consolidated revenues in fiscal year 2015 by 20.2% from € 79.0 million to € 95.0 million, thus achieving the highest growth since 2006. EBIT (Earnings Before Interest and Taxes) rose disproportionately by 24.9% to € 7.8 million (previous year € 6.3 million), despite the largest annual investment in the company’s history of € 33.2 million. The EBIT margin improved from 7.9% to 8.2%. Expenses in connection with the development of new business meant that the adjusted EBIT rose from € 9.3 million by 29.6% to € 12.0 million with the adjusted EBIT margin improving from 11.7% to 12.6%. Similarly in fiscal year 2016, paragon AG expects a sales growth rate above industrial sector. Having exceeded the investment phase peak paragon AG, direct supplier to the automotive industry, predicts an increase in the EBIT margin.

  • Highest sales growth since 2006, rising by over 20% to € 95 million

  • Biggest investment in company’s history

  • Simultaneously, EBIT disproportionately improved

  • 2016 Forecast: again revenue growth faster than industrial sector´s

  • Investment phase peak exceeded, margin improvement expected