Delbrück, October 23, 2023 - paragon GmbH & Co. KGaA [ISIN DE0005558696] today
announced preliminary figures for the first nine months. In addition to a further increase in
sales, debt was reduced at the same time.
• According to preliminary figures, paragon increased sales in the first nine months to EUR 122.0 million (previous year EUR 118.5 million) • Asset deal in the context of the cooperation with Clarios leads to a positive earnings contribution in the mid single-digit million range • Cash inflow used consistently to further reduce debt of the paragon Group: Net debt reduced to below EUR 50 million (end of 2019: EUR 121.3 million) • Consolidated EBITDA already amounts to EUR 23.8 million after nine months • Positive net income of EUR 4.4 million leads to earnings per share of approximately EUR 1.00 • Expectations for 2023 updated: EBITDA now between EUR 25 and 27 million, sales at EUR 160 to 170 million.
