21-08-2018 | Financial news | Press releases | Corporate & Ad-hoc news

paragon Grows Much Faster than the Automotive Sector in the First Half of the Year Thanks to New Units

Delbrück, Germany, August 21, 2018 – Today paragon GmbH & Co. KGaA [ISIN DE0005558696] published its Group interim report for the first half of the year through June 30, 2018, announcing an increase in the revenue forecast for the full year.

  • Group sales up 42.1 percent to € 78.6 million (prior year: € 55.3 million); Revenue with automotive manufacturers grows by about 28 percent

  • Revenue of the new units Body Kinematics and Electromobility more than triples; their share of revenue increases to 42.8 percent (prior year: 18.3 percent)

  • EBITDA up 38.0 percent to € 11.0 million (prior year: € 8.0 million)

  • EBIT margin declines slightly to 6.1 percent (prior year: 6.7 percent)

  • Revenue forecast raised for the current fiscal year to € 180–185 million

  • Due to the restructuring of a strategically important agreement of the Voltabox subsidiary, a Group EBIT margin of about 8 percent is now expected in the current year