Delbruck, April 25, 2024 - paragon GmbH & Co. KGaA [ISIN DE0005558696] today published its annual report for 2023. The audited consolidated financial statements confirm the previously communicated forecast for revenue and profitability for 2023.
• Sales revenue in 2023 stable year-on-year at EUR 161.6 million despite restrained customer call-off behavior, especially in the second half of the year - Weak sales of electric vehicles without influence
• EBITDA for 2023 at Group level amounts to €25.2 million
• Significant improvement in earnings also due to consistent cost-cutting measures in conjunction with price adjustments
• CHF bond repaid in full in 2023, framework nominal value of the EUR bond reduced to EUR 45.2 million - Stock exchange buyback program for the EUR bond launched
• Net debt significantly reduced - net gearing ratio at 2.28
• Forecast for 2024: EUR 160 to 165 million in sales with EBITDA of EUR 18 to 20 million
