paragon AG Prepares for Next Growth Phase in First Quarter

paragon AG [ISIN DE0005558696] published its interim report for the first quarter through March 31, 2017, today and confirmed its forecast for the current fiscal year.

• Group revenue up 11.7 percent to € 25.9 million (prior year: € 23.2 million)

• Electromobility continues to be greatest driver of growth with a 9.9 percent share of revenue (prior year: 7.6 percent)

• EBITDA increases 10.7 percent to € 3.4 million (prior year: € 3.0 million)

• EBIT margin drops slightly to 5.2 percent (prior year: 5.9 percent)

• Investments stable at € 5.1 million (prior year: € 5.0 million)

• Revenue and earnings forecast for the current fiscal year confirmed