Delbrück, August 21, 2024 - paragon GmbH & Co. KGaA [ISIN DE0005558696] today
published its interim report as of June 30, 2024, confirming in full the preliminary half-year
figures already communicated in July.
• At EUR 75.4 million (prior-year period: EUR 86.4 million), sales in the first half of the year were in line with the company's expectations
• Current sales trend reflects the sale of the starter battery business in autumn 2023 and the slow recovery in customer call-off behavior
• EBITDA (continuing operations) improved from EUR 8.1 million in the same period of the previous year to EUR 8.5 million thanks to various optimization measures - EBITDA ratio now at 11.3% (same period of the previous year: 9.3%)
• Earnings after interest and taxes significantly improved from EUR -5.6 million in H1/2023 to EUR -1.0 million in the first half of 2024 - slightly positive result expected for the year as a whole
• Management anticipates a moderate upturn in the automotive industry in the second half of the year
