12-05-2023 | Corporate & Ad-hoc news | Financial news | Press releases

paragon with very strong start to the year - outlook confirmed

Delbrück, May 12, 2023 - paragon GmbH & Co. KGaA [ISIN DE0005558696] has got off to a flying start this year. According to the quarterly report published today, paragon increased its consolidated sales by 14.6% to EUR 44.7 million. The growth shows a pleasing trend in all four continuing business divisions; the Kinematics division and the young Power division recorded an above-average increase.

  • First quarter sales up significantly by 14.6 % to Euro 44.7 million (previous year's quarter Euro 39.0 million)
  • Outlook for 2023 confirmed: approx. 170 million euros in sales with EBITDA between 20 and 25 million euros at Group level
  • Milestones regarding further debt reduction implemented: CHF bond fully repaid in April 2023, EUR bond reduced by 4.8 million euros
  • Current order backlog for the next five years increased by approx. 22