paragon AG  / Key word(s): Final Results

20.03.2013 17:10

Dissemination of an Ad hoc announcement according to § 15 WpHG, transmitted
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Delbrück, March 20 2013 - In today's meeting, the Supervisory Board
approved the financial statements of paragon AG for fiscal year 2012.

In the period under review, revenue increased by 5.1% to EUR70.4 million
(prior year: EUR67.1 million). EBIT adjusted for extraordinary expenses
grew by 4.2% to EUR9.2 million (prior year: EUR8.8 million); adjusted
EBITDA rose by 1.7% to EUR13.2 million (prior year: EUR13.0 million). Both
the adjusted EBIT margin of 13.0% (prior year: 13.2%) and the adjusted
EBITDA margin of 18.8% (prior year: 19.4%) were within the expectations of
the Managing Board of March 2012. Excluding adjustments, the EBIT margin
would have been 11.0% and the EBITDA margin would have been 16.7%. Net
income for the year reached EUR4.6 million (prior year: EUR5.3 million),
which resulted in earnings per share of EUR1.13 (prior year: EUR1.30).

paragon increased its equity-to-assets ratio to 29.6% (prior year: 23.7%)
with total assets of EUR44.0 million. Within two years, equity thus rose
from EUR4.5 million (December 31, 2010) to EUR13.0 million (December 31,
2012). Interest-bearing liabilities dropped to EUR14.7 million (prior year:
EUR15.2 million); net debt declined to EUR7.8 million (prior year: EUR8.1
million). The operating cash flow came to EUR5.8 million (prior year:
EUR8.6 million).

For fiscal year 2013, in which paragon will celebrate its 25th anniversary
as a company, the Managing Board expects revenue growth to equal that of
the prior year of around 5 percent. The ratio of EBIT to revenue will
remain stable according to the Company's budget planning.

paragon will present its complete and audited Annual Report for Fiscal Year
2012 at the financial statements press conference to be held at the
company's headquarters in Delbrück on March 21, 2013.


Listed in the Prime Standard segment of the German Stock Exchange in
Frankfurt, paragon AG develops, produces and markets innovative solutions
in the field of automotive electronics. The portfolio of the direct
supplier to the automotive industry includes products in the business
segments sensors, acoustics, cockpit, electromobility and body works
kinematics. An outstanding product is the air quality sensor AQS, which is
by far the world market leader. In addition to its headquarters in Delbrück
(North Rhine-Westfalia), paragon maintains branches in Suhl (Thuringia),
Nuremberg (Bavaria) and St. Georgen (Baden-Württemberg) and a sales office
in Shanghai (China).


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

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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