27-03-2017 | Press releases

paragon AG once again grows faster than the market in 2016 and targets further acceleration

Delbrück, Germany, March 27, 2017

Today, paragon AG published its results for fiscal year

2016 and its forecast for the current fiscal year. These highlight the highest operating result

in the company’s history. The Management Board’s forecast was fully achieved.

In fiscal year 2016, the company generated consolidated revenue of € 103 million (prior year:

€ 95 million). Business performance in the Electronics operating segment was mainly

characterized by an increase in the take-rate for air quality sensors, an increase in the output

volume of the latest generation of hands-free microphones and several production starts for

modern display instruments. The significant growth in the Electromobility operating segment

was particularly down to the dynamic development of demand in the intralogistics market.

The Mechanics operating segment was characterized by several parallel series developments

of adaptively extendable spoilers.


 

  • Consolidated revenue breaks € 100 million mark at € 103 million

  • Electromobility revenue doubles to nearly € 14 million

  • EBITDA leaps to € 16 million; EBIT margin rises to 9 percent

  • Equity ratio at 30 percent due to capital increase (prior year: 21 percent)

  • Forecast for 2017: Revenue of € 120 to 125 million – with an EBIT margin of 9.0 to 9.5 percent and € 27 million in investments

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