18-11-2016 | Press releases

paragon AG Again Growing More Quickly Than Global Market in First Nine Months of 2016

paragon AG [ISIN DE0005558696] published its interim report for the first nine months through September 30, 2016, today. In the first nine months this year, the company generated consolidated revenue of € 73.7 million (prior year: € 67.4 million). With revenue growth of 9.4 percent, paragon once more grew significantly more quickly than the global automotive sector. Growth in the third quarter was again primarily driven by the dynamic performance of the Electromobility division. Consolidated EBITDA (earnings before interest, taxes, depreciation and amortization) increased 11.5 percent to € 10.2 million in the first nine months, despite a rise in personnel expenses resulting from the expansion of the business. With increased depreciation and amortization of € 5.0 million (prior year: € 4.5 million) and other operating expenses remaining on par with the prior year, consolidated EBIT (earnings before interest and taxes) amounted to € 5.1 million (prior year: € 4.6 million). This corresponds to an EBIT margin of 6.9 percent (prior year: 6.8 percent).

  • Group revenue up 9.4 percent to € 73.7 million

  • Electromobility remains biggest driver of growth

  • EBITDA increases 11.5 percent to € 10.2 million, EBIT margin rises slightly to

    6.9 percent

  • Revenue and earnings forecast for the current fiscal year confirmed

  • Thanks to capital increase, higher investments set to make the most of current business