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.