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paragon AG publishes final 2014 consolidated annual financial statements

DGAP-News: paragon AG / Key word(s): Final Results
paragon AG publishes final 2014 consolidated annual financial
statements

11.03.2015 / 15:00

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paragon AG publishes final 2014 consolidated annual financial statements

- Key figures right at top of forecast range

- EBIT margin of 7.9% and EBIT of EUR 6.2 million

- Group revenues clearly headed for EUR 100 million in 2015 forecast

Delbrück, March 11, 2015 - paragon AG generated consolidated revenues of
EUR 79.0 million in fiscal 2014, up from EUR 73.9 million in the previous
year. Adjusted EBIT amounted to EUR 9.2 million and the adjusted EBIT
margin was 11.7%. Unadjusted EBIT for the past fiscal year totaled EUR 6.2
million with a corresponding EBIT margin of 7.9%. Earnings were thus right
at the top of the range estimated in the preliminary figures published in
February. In the previous year, EBIT amounted to EUR 7.9 million resulting
in an EBIT margin of 10.7%.

Comments Klaus Dieter Frers, CEO of paragon AG: "Given the high volume of
investment in the past year, these are excellent results for us. Not just
that, the foreseeable course of business and takeover of SphereDesign GmbH
now make the EUR 100 million mark absolutely realistic as a revenue target
for the current fiscal year 2015. Driven by positive developments in our
business segments this substantial growth is set to continue in the years
ahead as well."

In particular, revenues in the Sensors segment grew from EUR 27.6 million
to EUR 31.3 million while revenues in the Acoustics division rose from EUR
11.7 million to EUR 14.5 million. The Cockpit segment also posted slight
growth from EUR 27.3 million to EUR 27.5 million. The new Body Kinematics
division increased its revenues from EUR 3.5 million to EUR 3.7 million. In
fiscal 2013, the Electromobility segment had reported revenues of EUR 3.8
million mainly resulting from development revenues. The two subsidiaries
created out of this segment, Voltabox Deutschland GmbH and Voltabox of
Texas, Inc., generated total revenues of EUR 2.1 million from various
production start-ups in the past fiscal year.

Remarks Klaus Dieter Frers: "For Electromobility and Voltabox, 2015 will be
a special year one in which product revenue will really take off. We are
already working hard on new important projects and co-operations and are