paragon Grows Much Faster than the Automotive Sector in the First Half of the Year Thanks to New Units
Delbrück, Germany, August 21, 2018 – Today paragon GmbH & Co. KGaA [ISIN DE0005558696] published its Group interim report for the first half of the year through June 30, 2018, announcing an increase in the revenue forecast for the full year.
Group sales up 42.1 percent to € 78.6 million (prior year: € 55.3 million); Revenue with automotive manufacturers grows by about 28 percent
Revenue of the new units Body Kinematics and Electromobility more than triples; their share of revenue increases to 42.8 percent (prior year: 18.3 percent)
EBITDA up 38.0 percent to € 11.0 million (prior year: € 8.0 million)
Revenue forecast raised for the current fiscal year to € 180–185 million
Due to the restructuring of a strategically important agreement of the Voltabox subsidiary, a Group EBIT margin of about 8 percent is now expected in the current year
