07-05-2024 | Corporate & Ad-hoc news | Financial news | Press releases

paragon enters the new year with optimism - positive start to 2024 - forecast confirmed

Delbrück, May 7, 2024 - paragon GmbH & Co. KGaA [ISIN DE0005558696] has made a positive start to the current year. According to the quarterly report published today, paragon achieved consolidated revenue of EUR 40.9 million (prior-year quarter: EUR 44.7 million) and EBITDA of EUR 4.1 million (prior-year quarter: EUR 3.8 million). Both key figures are therefore within the communicated forecast for the 2024 financial year. The decline in revenue of EUR 3.8 million compared to the same quarter of the previous year reflects the previously announced scheduled discontinuation of a sensor product in summer 2023. It also confirms the paragon management's assessment published on December 11, 2023 that calloffs will pick up again in the course of the year.


• Revenue and EBITDA develop positively despite still subdued call-off level from customers

• EBITDA of EUR 4.1 million in the current period (prior-year quarter: EUR 3.8 million in continuing operations)

• Significant increase in profitability achieved in Q1/2024: EBITDA ratio at 10.1% (prioryear quarter: 8.6%), further measures being implemented

• Larger new building in China occupied

• Forecast for the current financial year confirmed unchanged: EUR 160 to 165 million in sales with EBITDA between EUR 18 and 20 million

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