18-11-2016 | Press releases

paragon AG Again Growing More Quickly Than Global Market in First Nine Months of 2016

paragon AG [ISIN DE0005558696] published its

interim report for the first nine months through September 30, 2016, today. In the first nine

months this year, the company generated consolidated revenue of € 73.7 million (prior year:

€ 67.4 million). With revenue growth of 9.4 percent, paragon once more grew significantly

more quickly than the global automotive sector. Growth in the third quarter was again

primarily driven by the dynamic performance of the Electromobility division. Consolidated

EBITDA (earnings before interest, taxes, depreciation and amortization) increased

11.5 percent to € 10.2 million in the first nine months, despite a rise in personnel expenses

resulting from the expansion of the business. With increased depreciation and amortization

of € 5.0 million (prior year: € 4.5 million) and other operating expenses remaining on par

with the prior year, consolidated EBIT (earnings before interest and taxes) amounted to

€ 5.1 million (prior year: € 4.6 million). This corresponds to an EBIT margin of 6.9 percent

(prior year: 6.8 percent).


 

  • Group revenue up 9.4 percent to € 73.7 million

  • Electromobility remains biggest driver of growth

  • EBITDA increases 11.5 percent to € 10.2 million, EBIT margin rises slightly to

    6.9 percent

  • Revenue and earnings forecast for the current fiscal year confirmed

  • Thanks to capital increase, higher investments set to make the most of current business

    opportunities

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