16-05-2022 | Corporate & Ad-hoc news | Financial news | Press releases

paragon with good start to the year and growing order backlog - outlook specified

Delbrück, May 16, 2022 – paragon GmbH & Co. KGaA [ISIN DE0005558696] managed a solid first quarter of 2022 despite the production interruptions at many European car manufacturers caused by the war in Ukraine. According to the latest quarterly report, paragon increased its consolidated sales by 6.3% to EUR 41.7 million, contrary to the general industry trends.

  • First-quarter sales up 6.3% to EUR 41.7 million (prior-year quarter: EUR 39.2 million) despite carmakers' supply chains torn by war

  • Current order backlog increased by approx. 17 %

  • Long-term refinancing secured

  • Outlook for 2022 lifted to upper end of target, now at EUR 165 million in sales with an EBITDA margin of more than 15%

  • paragon СEO-Frers: "The financials demonstrate the innovative strength and resilience of our business model. Regardless of the challenging market conditions, we now expect sales at the upper end of the previous forecast."