Delbrück, January 29, 2018 – paragon AG [ISIN DE0005558696] expects a further acceleration of its growth for the current fiscal year. According to the forecast, Group sales are expected to rise by more than 40 percent to € 175 million, driven primarily by the Electromobility and Body Kinematics units. In fiscal year 2017, the company achieved its revenue and earnings targets according to the preliminary, unaudited figures.
Revenue and earnings targets for 2017 achieved according to preliminary figures
Group sales increase by around 20 percent to approximately € 124 million in 2017 (prior year: € 102.8 million)
Electromobility is currently the Group’s biggest growth driver, posting gains of around 75 percent
Adjusted EBIT margin for 2017 expected within the target range of 9.0 to 9.5 percent
Electromobility and Body Kinematics driving accelerated growth in the current year
EBIT margin expected to be around 9 percent in 2018