22-11-2021 | Corporate & Ad-hoc news | Financial news | Press releases

paragon Confirms Q3 Figures – Clear Focus on Fast-Growing Automotive Business

Delbrück, Germany, November 22, 2021 – paragon GmbH & Co. KGaA [ISIN DE0005558696] presented today the Group interim report as of September 30, 2021, in which it confirmed the previously communicated preliminary figures. Accordingly, the company proved to be very robust both in terms of revenue development and profitability despite the reduced production figures of automotive manufacturers in the third quarter. Through the completed sale of the stake in Voltabox, the focus of paragon is now completely on the successful automotive business.

  • Preliminary figures confirmed: Automotive business revenue after nine months at € 109.7 million (+30.8% compared to the prior year)

  • At € 34.0 million, revenue in Q3/2021 remained at the prior year’s high level despite the reduced production figures of automotive manufacturers (+10.1% vs. Q3/2019)

  • EBITDA doubled after nine months compared to the prior year – paragon’s EBITDA margin within previously communicated target range for 2021 at 13.6%

  • Clear focus on core automotive business after successful sale of the Voltabox stake

  • Debt reduction of the paragon Group will continue according to plan