Positive performance continues

paragon AG  / Key word(s): Quarter Results

21.11.2012 08:12

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Delbrück, Germany, November 21, 2012 - paragon AG increased its revenue in
the first nine months of 2012 by 6.9% to EUR 54.5 million (prior year:
EUR 51.0 million).

On September 30, 2012, the EBIT margin in relation to revenue was at 13.5%;
the EBITDA margin reached 18.9%. Compared to the prior year, the absolute
earnings figures declined slightly: EBIT by 1.8% (from EUR 7.5 million to
EUR 7.3 million) and EBITDA by 3.2% (from EUR 10.6 million to EUR 10.3
million). As at September 30, 2012, paragon posted net income for the year
according to IFRS of EUR 4.7 million (prior year: EUR 4.6 million); this
resulted in earnings per share of EUR 1.13 (prior year: EUR 1.13).

In the first nine months of 2012, paragon increased the equity-to-assets
ratio to 32.7% (prior year: 20.5%). Concurrently, the interest-bearing
liabilities dropped by 17.4% to EUR 13.8 million (prior year: EUR 16.7
million); net debt even declined by 18.4% to EUR 5.9 million (prior year:
EUR 7.2 million).

Despite the volatile market, the Managing Board confirms its previous
forecast for 2012 (single-digit increase in sales compared to 2011, EBIT
margin roughly the same as in 2011). For 2013, the Managing Board expects
the first quarter to be rather subdued, possibly related to widespread
plant holidays of the manufacturers at the turn of the year 2012/2013, with
generally slight growth in sales and a double-digit EBIT margin. In the
medium term, paragon predicts a pick-up in the rate of growth.

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


21.11.2012 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
              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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