Upward trend consolidated

paragon AG  / Key word(s): Half Year Results

19.01.2011 08:42

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Upward trend consolidated

- Revenue raised by 10 percent to EUR31.0 million
- Half-year earnings per share of EUR1.00 highest since IPO

Delbrück, January 19, 2011: The upward trend at paragon AG is being
consolidated. The Company - a publicly traded direct supplier to the
automotive industry - raised its revenue by 10 percent to EUR31.0 million
during the six-month period from June 1 to November 30, 2010 (2009: EUR28.1
million).

With revenue at EUR16.6 million (2009: EUR15.7 million), the quarter
covering the period from September 1 to November 30, 2010 underscored this
growth trend. This quarter therefore generated even stronger revenue than
the previous quarter from June 1 to August 31, 2010 (EUR14.4 million).

In addition to generating consistent revenue growth, paragon earned
considerably higher profits. Earnings before interest and tax (EBIT)
improved year on year from a loss of EUR2.0 million to a profit of EUR5.4
million, while earnings before interest, tax, depreciation and amortization
(EBITDA) rose from EUR0.5 million to EUR7.9 million. Including
restructuring gains and costs, adjusted EBIT amounted to EUR3.6 million and
adjusted EBITDA came to EUR6.1 million. These financial results are rounded
off by an operating cash flow (excluding one-off items) of EUR3.9 million
and a net income (according to International Financial Reporting Standards
[IFRS]) of EUR4.1 million. paragon reported its highest half-year earnings
per share (EUR1.00) since its initial public offering (IPO) in November
2000.

At the balance sheet date on November 30, 2010, paragon AG's workforce
comprised 307 employees and 49 temporary staff members, all of whom worked
in Germany. Its headcount therefore grew significantly compared with both
the end of the previous short financial year (May 31, 2010: 247 employees
and 19 temporary staff) and the previous quarter (August 31, 2010: 252
employees and 23 temporary staff). This increase in the Company's workforce
was attributable to the acquisition of its former subsidiary paragon
finesse GmbH, which was completed on September 1, 2010, and to its strong
order situation.

Portrait

paragon AG, listed in the Prime Standard of Deutsche Börse in Frankfurt
develops, produces and markets innovative solutions in the field of
automotive electronics. The portfolio of this direct supplier to the
automotive industry includes products in the field of air quality, power
train, acoustics, cockpit, stepper motors, media interfaces and controls.
One excellent product is the undoubtedly world leading air quality sensor,
AQS. Apart from its headquarters in Delbrück (North Rhine-Westphalia) there
are branches in Suhl (Thuringia), Nuremberg (Bavaria) and St. Georgen
(Baden-Württemberg). For the fiscal year 2010, paragon, with more than 300
employees, is aiming to generate sales of EUR58 million.

Contact

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

Press officer
Matthias Hack
Tel.: +49 (0) 52 50 - 97 62-141
Mobile: +49 (0) 162 1010724
Fax: +49 (0) 52 50 - 97 62-60
Email: matthias.hack@paragon-online.de

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


19.01.2011 DGAP's Distribution Services include Regulatory Announcements, 
Financial/Corporate News and Press Releases.
Media archive at www.dgap-medientreff.de and www.dgap.de

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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 Berlin, Düsseldorf, Hamburg, München, Stuttgart
 
End of Announcement                             DGAP News-Service
 
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