The Managing Board of the publicly listed automotive supplier paragon AG has specified its forecast for the coming year. Consolidated Group revenue is set to grow by a further total of around 8% compared with 2015 and cross the € 100 million mark. Earnings are also expected to rise, with an EBIT margin of around 9% of revenue. Alongside the ongoing strong business performance with sensors, microphones and cockpit systems, the key growth drivers will be the Body Kinematics business division and above all Electromobility. This business division – with its Voltabox subsidiaries in Germany and the US – should contribute revenue of more than € 15 million and thus account for an increasingly significant share of total Group revenue.
Consolidated Group revenue to grow by around 8% and cross the € 100 million mark
EBIT margin of approx. 9% expected
Electromobility as key growth driver
Internationalization: battery systems in the US and air quality in China