19-10-2021 | Corporate & Ad-hoc news | Financial news | Press releases

paragon Automotive Revenue Grows by Almost a Third

Delbrück, Germany, October 18, 2021 – According to preliminary figures, paragon [ISIN DE0005558696] has continued on its growth course in the first nine months of the current year. With revenue of € 109.7 million as of September 30, the direct supplier to the automotive industry saw 30.8% higher revenue than in the prior year and exceeded the revenue of the pre-coronavirus year of 2019 by 15.6%. The management therefore sees the sales target for 2021 of € 145 million and the margin target (EBITDA) of 12 to 15% as secured, even considering the current production disruptions in the automotive industry.

  • According to preliminary figures, revenue as of September 30, 2021, was € 109.7 million or 30.8% over the prior year; increase of 15.6% over pre-coronavirus year 2019

  • Revenue and sales forecast for the year as a whole confirmed despite reduced OEM production volumes

  • First large-scale production order for product innovation anti-virus filter DUSTPROTECT

  • Publication of final figures on November 22, 2021