Paragon Announces Nine-Month Financial Results

• paragon GmbH & Co. KGaA confirms nine-month figures with revenue from continuing operations increasing to EUR 122.0 million (previous year: EUR 118.6 million)
• EBITDA from continuing operations grows to EUR 16.3 million in the first nine months (previous year: EUR 8.5 million)
• Asset deal with Clarios leads to positive earnings contribution and reduces debt
• Debt (bank and bond liabilities less cash and cash equivalents) down to EUR 49.0 million (end of 2019: EUR 121.3 million)
• Positive net profit of EUR 4.4 million after nine months leads to earnings per share of EUR 0.97
• Bond buyback program launched and development work for vehicle manufacturer ElectricBrands AG proceeding according to plan.

The next important date, Interim Group Report as of September 30, 2023 (9 months), at paragon is on 13.11.2023.