Business going exactly according to plan

paragon AG  / Key word(s): Quarter Results

11.05.2011 08:26

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Sales up 7% in Q1 2011
Earnings remain at a high level
Release order lead time twice as long as in 2008

Delbrück, May 11, 2011 - Business is going exactly according to plan at
paragon AG. In the first quarter ended March 31, 2011, the listed direct
supplier to the automotive industry increased its sales by 7% to EUR 16.9
million (Q1 2010: EUR 15.8 million). In addition, the Company exceeded the
exceptionally high earnings it generated in the prior-year period.

In the first quarter of fiscal 2011, paragon posted gains in nearly every
product group thanks to rising volume in conjunction with the upswing
throughout the industry. The growth in sales is also boosting the Company's
financial performance. Even though personnel and financing costs did not
correspond to the usual levels in the first quarter of 2010 as a
consequence of the then pending bankruptcy proceedings, at EUR 3.5 million
(Q1 2010: EUR 3.4 million), EBITDA continued to rise, as did EBIT at EUR
2.4 million (Q1 2010: EUR 2.2 million).

According to the Managing Board, the favorable trend in the first quarter
will continue in the course of 2011. The Company anticipates a slight rise
in sales with no change in profit margins. The volume of orders on hand
already represents 97.2% of the sales projected for the entire fiscal year
2011.

 
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).

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


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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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