297  0 Kommentare paragon AG Again Growing More Quickly Than Global Market in First Nine Months of 2016

- EBITDA increases 11.5 percent to EUR 10.2 million, EBIT margin rises
slightly to 6.9 percent

- Revenue and earnings forecast for the current fiscal year confirmed

- Thanks to capital increase, higher investments set to make the most of
current business opportunities

Delbrück, Germany, November 18, 2016 - paragon AG [ISIN DE0005558696]
published its interim report for the first nine months through September
30, 2016, today. In the first nine months this year, the company generated
consolidated revenue of EUR 73.7 million (prior year: EUR 67.4 million).
With revenue growth of 9.4 percent, paragon once more grew significantly
more quickly than the global automotive sector. Growth in the third quarter
was again primarily driven by the dynamic performance of the
Electromobility division. Consolidated EBITDA (earnings before interest,
taxes, depreciation and amortization) increased 11.5 percent to EUR 10.2
million in the first nine months, despite a rise in personnel expenses
resulting from the expansion of the business. With increased depreciation
and amortization of EUR 5.0 million (prior year: EUR 4.5 million) and other
operating expenses remaining on par with the prior year, consolidated EBIT
(earnings before interest and taxes) amounted to EUR 5.1 million (prior
year: EUR 4.6 million). This corresponds to an EBIT margin of 6.9 percent
(prior year: 6.8 percent).

"Electromobility is clearly our current largest driver of growth," says
Klaus Dieter Frers, founder and Chief Executive Officer of paragon AG.
"With the ongoing developments and existing orders for new products in the
automotive industry, we will see a significant atmosphere of growth in the
other divisions starting in 2018."

With a revenue growth for the first nine months of 96.8 percent, totaling
EUR 6.9 million (prior year: EUR 3.5 million), production at the Voltabox
subsidiaries in Delbrück, Germany, and Austin, Texas, USA, largely focused
on battery modules for forklift trucks. Revenue in the Sensors division
rose to EUR 26.4 million (prior year: EUR 25.1 million), mainly due to
growth in take-rates of paragon products in current vehicle models. Revenue
in the Acoustics division increased to EUR 12.9 million (prior year: EUR
11.9 million). This was primarily due to the boost in output quantity for