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paragon AG: Sales record for paragon AG in 2015

DGAP-News: paragon AG / Key word(s): Final Results
paragon AG: Sales record for paragon AG in 2015

03.03.2016 / 12:07
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- Highest sales growth since 2006, rising by over 20% to EUR 95 million

- Biggest investment in company's history

- Simultaneously, EBIT disproportionately improved

- 2016 Forecast: again revenue growth faster than industrial sector's

- Investment phase peak exceeded, margin improvement expected


Delbrück, Germany, 3 March 2016 - paragon AG increased its consolidated
revenues in fiscal year 2015 by 20.2% from EUR 79.0 million to EUR 95.0
million, thus achieving the highest growth since 2006. EBIT (Earnings
Before Interest and Taxes) rose disproportionately by 24.9% to EUR 7.8
million (previous year EUR 6.3 million), despite the largest annual
investment in the company's history of EUR 33.2 million. The EBIT margin
improved from 7.9% to 8.2%. Expenses in connection with the development of
new business meant that the adjusted EBIT rose from EUR 9.3 million by
29.6% to EUR 12.0 million with the adjusted EBIT margin improving from
11.7% to 12.6%. Similarly in fiscal year 2016, paragon AG expects a sales
growth rate above industrial sector. Having exceeded the investment phase
peak paragon AG, direct supplier to the automotive industry, predicts an
increase in the EBIT margin.


Klaus Dieter Frers, CEO of paragon AG says, "We are very pleased with the
results of the fiscal year. This is, of course, as a result of our
excellent figures but more so for the strategic and operational decisions
that we made in 2015: We now have our own production plants on sites in the
US and China, have made a significant impact in the field of E-mobility and
hit the mark for automobile manufacturers with our product offensive. We
expect this significant growth to continue over the coming years in light
of these positive developments."


Specifically, the Sensors division increased its revenues from EUR 31.3
million to EUR 34.6 (+10.5%) and the Acoustics division rose from EUR 14.5
million to 16.1 million (+11.0%). The Cockpit division improved
significantly, not least through the acquisition of the now
fully-integrated SphereDesign GmbH, from EUR 27.5 million to EUR 32.3
million (+17.5%). The newest business division, Body Kinematics, grew by
EUR 3.7 million to EUR 5.0 million (+35.1%).


The E-mobility division excelled in fiscal year 2015 with the largest
percentage increase in sales (+252.4%) and revenues soared from EUR 2.1