paragon AG  / Key word(s): Quarter Results

16.11.2011 08:30

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Delbrück, November 16, 2011 - In the first nine months of 2011, paragon's
sales rose by 12% to EUR 51.0 million (prior year: EUR 45.5 million).
Earnings grew at an even faster rate; the operating margin (EBIT in
relation to sales) reached 14.6% (prior year: 11.3%).

The period from July 1 to September 30, 2011 was the best quarter to date
in the current fiscal year, with sales of EUR 17.6 million. EBITDA rose by
20% to EUR 10.6 million (prior year: EUR 8.9 million) in the first nine
months; EBIT surged by 45% to EUR 7.5 million (prior year: EUR 5.2

The operational developments in the Company are evident from cash flow from
operating activities, which rose from EUR 1.9 million (prior year) to EUR
6.1 million in the first nine months. As at September 30, 2011, paragon
posted net income for the year according to IFRS of EUR 4.6 million (prior
year: EUR 4.2 million); earnings per share rose by 9% to EUR 1.13 (prior
year: EUR 1.03).

paragon intends to ensure that the performance of the first nine months is
reflected by the performance of 2011 as a whole. Despite considerable
investment in personnel and technology, paragon's earning figures will
mirror its positive business developments.

paragon is ahead of plan in the repayment of bank debt, which stood at EUR
16.3 million as of September 30, 2011 and is to be reduced to EUR 15
million by December 31, 2011. At the same time, the Managing Board is
confirming the objective for an increase in free cash flow, which should
grow to EUR 8 million by the end of the year.


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


paragon AG
Schwalbenweg 29
33129 Delbrück
Tel.: +49 (0) 52 50 - 97 62-0
Fax: +49 (0) 52 50 - 97 62-60

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

16.11.2011 DGAP's Distribution Services include Regulatory Announcements,
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Language:     English
Company:      paragon AG
              Schwalbenweg 29
              33129 Delbrück
Phone:        +49 (0)5250 97 62 - 0
Fax:          +49 (0)5250 97 62 - 60
ISIN:         DE0005558696
WKN:          555869
Listed:       Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr
              in Berlin, Düsseldorf, Hamburg, München, Stuttgart
End of Announcement                             DGAP News-Service