Paragon's Audited 2023 Financial Statements Validate Projected Forecast

• Paragon GmbH & Co. KGaA's audited consolidated financial statements for 2023 confirm the previously communicated forecast
• The company generated revenue of EUR 161.6 million in 2023, stable year-on-year, despite restrained customer behavior
• EBITDA for 2023 at Group level amounts to €25.2 million, a significant improvement due to consistent cost-cutting measures and price adjustments
• The company repaid its CHF bond in full in 2023 and reduced the nominal value of the EUR bond to EUR 45.2 million
• Paragon's net debt was significantly reduced in 2023, with the net gearing ratio at 2.28
• The company forecasts EUR 160 to 165 million in sales with EBITDA of EUR 18 to 20 million for 2024.

The next important date, Publication of consolidated financial statements as of 31.12.2023 (Annual Report), at paragon is on 25.04.2024.

The price of paragon at the time of the news was 3,9200EUR and was up +3,70 % compared with the previous day.

paragon

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ISIN:DE0005558696WKN:555869

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