paragon AG once again grows faster than the market in 2016 and targets further acceleration

DGAP-Media / 27.03.2017 / 08:05 paragon AG once again grows faster than the market in 2016 and targets further acceleration

- Consolidated revenue breaks EUR 100 million mark at EUR 103 million

- Electromobility revenue doubles to nearly EUR 14 million

- EBITDA leaps to EUR 16 million; EBIT margin rises to 9 percent

- Equity ratio at 30 percent due to capital increase (prior year: 21 percent)

- Forecast for 2017: Revenue of EUR 120 to 125 million - with an EBIT margin of 9.0 to 9.5 percent and EUR 27 million in investments

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 EUR 103 million (prior year: EUR 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.

"With the reorganization into the three operating segments, we will be able to steer our R&D activities more efficiently in the future," says Klaus Dieter Frers, founder and CEO of paragon AG. "The Electronics operating segment is comprised of the three business units Sensors, Cockpit and Acoustics while the Mechanics operating segment is home to the Body Kinematics unit and production. This is not only directly related to our decision to convert Voltabox Deutschland GmbH into a stock corporation, which was made to expedite the expansion of business activities in the Electromobility operating segment," says Klaus Dieter Frers. "It also allows us to focus more closely on the enormous market opportunities created by connectivity, autonomous driving and improvements in the aerodynamics of vehicles."