Revenue increase of 11.8% in the first quarter

paragon AG  / Key word(s): Quarter Results

08.05.2012 19:42

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Delbrück, May 8, 2012. paragon AG, an exchange-listed direct supplier to
the automotive industry, performed much better than expected in the first
quarter of 2012 with a revenue increase of 11.8% to EUR18.9 million
(previous year: EUR16.9 million).

EBITDA increased by 4.1% to EUR3.7 million (previous year: EUR3.5 million),
which led to an EBITDA margin of 19.4%. EBIT grew by 2.3% to EUR2.5 million
(previous year: EUR2.4 million), resulting in an EBIT margin of 13.2%. Net
profit for the year amounted to EUR1.9 million (previous year: EUR1.8
million). Earnings per share increased similarly by 6.4% to EUR0.46
(previous year: EUR0.44).

paragon increased cash flows from operating activities by 52.4% to EUR1.9
million (previous year: EUR1.3 million). Free liquidity rose by 17.5% to
EUR11.8 million (previous year: EUR7.1 million). paragon also reduced
interest-bearing liabilities by 28.6% to EUR14.6 million (previous year:
EUR20.5 million, and net debt by 35.6% to EUR6.7 million (previous year:
EUR10.4 million). Equity grew to EUR11.7 million (previous year: EUR6.3
million), which resulted in an equity-to-assets ratio of 27.5% (previous
year: 14.0%).

Although the dynamic start to the year 2012 exceeded the expectations of
the Managing Board, the Company's management is still forecasting revenue
growth in the single-digit percentage range and an EBIT margin at the same
level as in the previous year.

 Portrait

paragon AG has steadily grown to become one of the best-known suppliers to
the automotive industry since its founding in 1988 in the Westphalian town
of Delbrück. Listed on the stock exchange since 2000, paragon uses
innovative solutions that not only improve communication but also make the
driving experience healthier, more comfortable, and more efficient. Every
worker at paragon is passionate about automobiles. Every day they strive to
be inventive, better and unique in all they do. Their dedication goes far
beyond sensors and solutions for automotive interiors, however. 
Increasingly, paragon has been embracing more sophisticated systems such as
electric vehicles and kinematics.

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.ag
Email: info@paragon.ag

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.ag


08.05.2012 DGAP's Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
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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.ag
Internet:     www.paragon.ag
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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