paragon AG with unimpeded growth course in 1st quarter

paragon AG began the current fiscal year on a strong note, posting almost double-digit revenue growth of 9.4% from € 21.2 million to € 23.2 million in the first quarter of 2016. This growth was driven above all by the very strong performance of the Electromobility and Acoustics business divisions. The key earnings figures were also at or ahead of the prior year’s level. The Managing Board has therefore confirmed its full-year forecast of revenue growth of 8% and an EBIT margin of around 9%.

• Consolidated revenue up 9.4% to € 23.2 million

• EBITDA improves 8.3% to € 3.0 million (prior year: € 2.8 million)

• EBIT of € 1.4 million matches prior year’s figure

• Investments as planned at € 5.0 million (prior year: € 9.6 million)

• Revenue and earnings forecast for current fiscal year confirmed