Strong Growth in 2011

paragon AG  / Key word(s): Final Results

12.03.2012 15:43

Dissemination of an Ad hoc announcement according to § 15 WpHG, transmitted
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Delbrück, March 12, 2012. At today's meeting, the Supervisory Board of
paragon AG approved and adopted all of the preliminary figures for fiscal
year 2011.

During the reporting period, revenue increased by 11.1% to EUR 67.1 million
(2010: EUR 60.4 million). EBITDA grew even more than revenue with a surge
of
26.3% to EUR 13.0 million (2010: EUR 10.3 million), and EBIT climbed an
impressive 69.6% to EUR 8.8 million (2010: EUR 5.2 million). Both the
EBITDA
margin of 19.4% (2010: 16.9%) and the EBIT margin of 13.2% (2010: 8.6%)
surpassed the projections made at the start of 2011. Net income reached
EUR 5.3 million (2010: EUR 3.8 million), leading to earnings per share of
EUR 1.30 (2010: EUR 0.92).

Equity increased by 120% to EUR 9.8 million as of December 31, 2011 (2010:
EUR 4.5 million). With total assets coming to EUR 41.4 million, the
equity-to-assets ratio reached 23.7% (2010: 10.3%). Free liquidity rose to
EUR 11.2 million (2010: EUR 6.0 million). Interest-bearing liabilities
stood
at EUR 14.7 million (2010: EUR 20.6 million), while net debt amounted to
EUR 8.1 million (2010: EUR 13.6 million). Operating cash flow was EUR 8.6
million (2010: EUR 5.0 million).

Thanks to the Company's high order backlog and numerous new product
launches, the Managing Board expects revenues to continue growing in the
single-digit percentage range in 2012 and 2013. Earnings (EBIT) performance
will approximate the trend in 2011.

paragon will present the full, audited annual report for fiscal year 2011
as planned on March 22, 2012 at its financial statements press conference
at the Company's headquarters in Delbrück.

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, stepper motors, media interfaces cockpit and
electromobility. 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


12.03.2012 DGAP's Distribution Services include Regulatory Announcements,
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Language:     English
Company:      paragon AG
              Schwalbenweg 29
              33129 Delbrück
              Germany
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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