DGAP-News

paragon AG: paragon Group with jump in revenue and earnings in first half of 2015

DGAP-News: paragon AG / Key word(s): Half Year Results
paragon AG: paragon Group with jump in revenue and earnings in first
half of 2015

20.08.2015 / 08:45

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paragon Group with jump in revenue and earnings in first half of 2015

- Half-year revenue rises year-on-year by 18.2% to EUR 44.6 million

- EBIT margin more than doubles to 8.6%

- Substantial increase in operating cash flow to EUR 8.0 million
(previous year: EUR 0.1 million)

- Large-scale serial order worth EUR 72 million acquired for starter
batteries

- Impressive confirmation of revenue and earnings forecast for 2015

Delbrück, August 20, 2015 - Following a strong start to the year, the
revenue and earnings performance of paragon Group gained further momentum
in the second quarter of 2015 impressively underpinning the company's
full-year performance expectations. At EUR 44.6 million consolidated
revenue for the first half of 2015 exceeded the previous year's figure of
EUR 37.8 million by 18.2%. Key earnings figures showed even stronger
growth. EBIT improved by 155.7% to EUR 3.8 million (previous year: EUR 1.5
million) and the EBIT margin more than doubled from 4.0% to 8.6%.
Indications for the further course of the year are also very positive. As
of June 30, 2015, paragon had already received customer orders for more
than 97% of the total revenue planned for the current fiscal year. The
Managing Board therefore confirms its forecast for the fiscal year 2015
expecting consolidated revenue of up to EUR 100 million and an EBIT margin
of around 10%.

"The high investments made in recent years are now paying off even more
clearly. We achieved substantial growth in nearly all business divisions -
and especially in our new Body Kinematics and Electromobility divsions
whose half-year revenue share is now almost 9% and keeps growing. That is
also reflected in our excellent earnings figures," commented Klaus Dieter
Frers, CEO of paragon AG, with regard to the company's half-year results.

Products for premium manufacturers still going extremely strong
Alongside the pleasing development in the new Body Kinematics and
Electromobility divisions, the existing business with products for premium
manufacturers was also running at full swing in the first half of 2015. The
Sensors business division continued to benefit from strong demand for air
quality management (AQS, AQI) products and thus posted a 14.5% revenue
growth. The Acoustics business division maintained the high previous year's