2021 financial statement confirms growth course – Martin Esser appointed to the Management Board as CFO
Delbrück, April 29, 2022 – paragon GmbH & Co. KGaA [ISIN DE0005558696] has continued its impressive growth course in the difficult automotive industry environment in 2021 and appointed the previous Head of Finance Dr. Martin Esser to the Management Board as CFO at the beginning of April. According to the financial statement presented today, paragon has fully achieved its sales and earnings targets for 2021. This strong result is based on forward-looking management and an innovative product portfolio. Despite a very challenging environment that included the pandemic, the semiconductor crisis, and the temporary supply chain problems of carmakers, paragon thus grew profitably. Sales increased by 15.5% to EUR 146.9 million (previous year: EUR 127.2 million). The EBITDA margin increased to a good 13.6% in 2021 (previous year: 10.8%).
Group sales in 2021 up 15.5% to EUR 146.9 million (2020: EUR 127.2 million) – fully meeting 2021 sales forecast despite temporary supply chain problems at automotive manufacturers
EBITDA margin at 13.6% (previous year: 10.8%) within target range for 2021
Sales drivers particle sensors, display instruments, and digital assistance systems
Further reduction of debt through partial repayment of CHF bond in April 2022
Full-year forecast reaffirmed: 2022 sales between EUR 155 and 165 million expected with EBITDA margin > 15%