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DGAP-Ad hoc: paragon AG english = - 500 Beiträge pro Seite


ISIN: DE0005558696 | WKN: 555869 | Symbol: PGN
9,970
16.08.19
Berlin
+1,42 %
+0,140 EUR

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Ad hoc announcement transmitted by DGAP. The issuer is solely responsible for the content of this announcement. --------------------------------------------------------------------------------

paragon AG`s revenues up 56% in the first six months paragon AG`s revenues rose in the first six months of 2001 by 56% year-on-year to EUR 14.0 million (prior year: 9.0). Recording income of EUR 7.3 million in Q2 as against EUR 6.7 million in the previous quarter, the sensors manufacturer once again succeeded in growing consecutive revenues despite the troubled economic environment. The company is on schedule to meet its target revenues of around EUR 32 million for the current fiscal year. Its Sensor Products division posted revenues of EUR 10.1 million (prior year: 5.5), increasing its proportion of total revenues to 72%. The main growth drivers were a strong increase in demand in the Convenience segment and sales of air quality sensors, which were on target. In the first half of 2001, paragon`s EBITDA improved from EUR 1.1 million to EUR 1.5 million, although it was affected by scheduled start-up losses incurred at the paragon of North America Corp., which were not offset by any revenue as expected. Adjusted for the start-up losses in North America, EBITDA rose to EUR 1.8 million. EBIT fell to EUR 399 thousand, down from EUR 551 thousand in the previous year. Adjusted for the start-up losses in North America, EBIT rose by 19% to EUR 654 thousand. EBT amounted to EUR 229 thousand (prior year: EUR 344 thousand). The net profit for the period amounted to EUR 36 thousand (prior year: EUR 164 thousand); adjusted to account for North America, it increased to EUR 302 thousand.Compared with the balance sheet date of December 31, 2000, equity as of June 30, 2001 remained constant at EUR 10.0 million, with an equity ratio of 41%. Cash and cash equivalents fell to EUR 2.0 million (December 31,2000:5.7) due to the investments in patents completed in Q1 01. The current CFO Dirk Schwarze will retire from the company on August 31, 2001. Mr. Schwarze is leaving the company at his own request after a scheduled transition period to pursue different personal career goals elsewhere. Mr. Schwarze`s operational functions will be assumed by paragon AG`s new head of commercial operations, Hans-Jürgen John. CEO Klaus Dieter Frers will also be responsible within the Management Board for the areas of Finance and Investor Relations. The Management Board Contact: paragon AG, Investor Relations, Carsten Vogt, phone: +49 (0)5250 9762- 14, carsten.vogt@paragon-online.de

end of ad hoc announcement (c) DGAP 14.08.2001 -------------------------------------------------------------------------------- WKN: 555869; Index: Listed: Neuer Markt in Frankfurt; Freiverkehr in Berlin, Bremen, Düsseldorf, Hamburg, Hannover, München und Stuttgart

140827 Aug 01



Autor: DGAP import (),08:30 14.08.2001



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