Delbrück, November 12, 2024 - paragon GmbH & Co. KGaA [ISIN DE0005558696] today
announced figures for the first nine months. The decline in revenue following last year's sale
of the starter battery business in conjunction with reduced customer call-offs has continued
almost linearly. However, the breakeven point was reached in the third quarter of 2024
thanks to numerous cost-cutting measures, with balanced earnings before interest and
taxes. The management confirms the previous EBITDA forecast of EUR 18 to 20m for 2024 as
a whole and now expects to reach the upper end of expectations.
• Sales revenue of EUR 106.3m (previous year: EUR 122.0m) in the first nine months of the 2024 financial year 12.9% lower than in the same period of the previous year
• Consistent countermeasures since the beginning of the year enable balanced result in the third quarter - breakeven achieved
• EBITDA of EUR 12.9m in the first nine months despite market challenges (previous year: EUR 16.3m); EBITDA margin of 12.1% (previous year: 13.3%)
• Cash flow from operating activities increased to EUR 8.1m in the reporting period (previous year: EUR -5.6m)
• The upturn in the automotive industry expected by the management has not yet materialized; call-offs remain at the level of previous months, but no further deterioration
• Sales expectations for 2024 as a whole therefore now at EUR 135 to 140m
• According to the management, numerous cost-cutting measures will enable the EBITDA forecast for 2024 of EUR 18 to 20m to be achieved at the upper end of expectations
• Earnings after interest and taxes still expected to be slightly positive for 2024 as a whole
• paragon expects a significant increase in net income for the 2025 financial year with stable to slightly growing revenue
