paragon expects higher profits

paragon AG  / Key word(s): Change in Forecast

01.12.2010 08:39

Dissemination of an Ad hoc announcement according to § 15 WpHG, transmitted
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Delbrück, December 1, 2010 - The upswing at paragon AG is continuing. In
terms of sales, paragon is totally on budget for 2010, and profits are
significantly higher than anticipated six months ago. Additionally, the
Managing Board is already announcing the 2011 budget approved by the
Supervisory Board at its meeting on November 29, 2010.

It is already clear at this time that paragon will achieve its sales target
of EUR 58 million. Additionally, the Company will achieve significantly
higher earnings than originally projected. At this point, paragon has
already surpassed the announced operating result (EBITDA excluding
restructuring costs) in the amount of EUR 7.5 million. The Managing Board
anticipates that this figure will be at least 20% higher by year-end 2010.

The Managing Board expects growth to continue at a high level in fiscal
2011. Sales are projected to exceed EUR 60 million. Despite necessary new
hires, paragon's operating result will definitely surpass the prior-year
level in 2011.

About paragon 

As a company listed in the Prime Standard segment of the German Stock
Exchange in Frankfurt, paragon AG develops, produces, and markets
trendsetting solutions in the field of automotive electronics. The
portfolio of this direct supplier to the automotive industry includes
products in the segments of air quality, drive systems acoustics, cockpit
systems, stepper motors, media interfaces, and control systems. One of its
stand-out products is the AQS air quality sensor, the clear global market
leader. Headquartered in Delbrück (North Rhine-Westphalia), the company
also has facilities in Suhl (Thuringia), Nuremburg (Bavaria), and St.
Georgen (Baden-Württemberg). In the 2010 financial year, paragon aims to
generate revenue in excess of EUR 58 million with more than 300 employees.

Contact

paragon AG
Schwalbenweg 29 
33129 Delbrück 
Phone: +49 (0) 52 50 - 97 62-0 
Fax: +49 (0) 52 50 - 97 62-60 
Internet: www.paragon-online.de 
E-mail: info@paragon-online.de

Press Officer 
Matthias Hack 
Phone: +49 (0) 52 50 - 97 62-141 
Mobile: +49 (0) 162 1010724 
Fax: +49 (0) 52 50 - 97 62-60 
E-mail: matthias.hack@paragon-online.de

Corporate Communications 
Marc Götte 
Phone: +49 (0) 52 50 - 97 62-161 
Fax: +49 (0) 52 50 - 97 62-60 
E-mail: marc.goette@paragon-online.de


01.12.2010 DGAP's Distribution Services include Regulatory Announcements, 
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Language:     English
Company:      paragon AG
              Schwalbenweg 29
              33129 Delbrück
              Deutschland
Phone:        +49 (0)5250 97 62 - 0
Fax:          +49 (0)5250 97 62 - 60
E-mail:       investor@paragon-online.de
Internet:     www.paragon-online.de
ISIN:         DE0005558696
WKN:          555869
Listed:       Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr
              in Hamburg, München, Düsseldorf, Berlin, Stuttgart
 
End of Announcement                             DGAP News-Service
 
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