paragon announces forecasts for 2014 and 2015

paragon AG  / Key word(s): Forecast

29.01.2014 19:34

Dissemination of an Ad hoc announcement according to § 15 WpHG, transmitted
by DGAP - a company of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

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paragon announces forecasts for 2014 and 2015

Delbrück, January 29, 2014: Delbrück-based automotive supplier paragon AG
has achieved its Managing Board's forecast for the 2013 fiscal year.
Subject to confirmation by its independent auditors, the Company's revenue
grew by 4.9 percent to EUR73.9 million (2012: EUR70.4 million); its EBIT
margin (EBIT in relation to revenue) came to 10.6 percent (2012: 11.0
percent).

Given the high level of new orders received - especially for lithium-ion
battery packs - the Company has revised upward its preliminary internal
projections for 2014 and now expects revenue to increase significantly by
roughly 8 percent. The Managing Board is forecasting an EBIT margin of
around 10 percent.

paragon AG believes that its revenue could jump by up to 20 percent in 2015
on the back of growing unit sales of battery packs.

The Company will be presenting its complete and audited annual report for
2013 during its financial results press conference at its head office on
March 12 this year.

Portrait

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).

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
E-Mail: info@paragon.ag

Contact for financial press / investor relations
Stockheim Media GmbH
Michael Knecht
Tel.: +49 (0) 89 - 200 315 73
Fax: +49 (0) 89 - 813 030 23
E-Mail: mk@stockheim-media.com


29.01.2014 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, DE000A1TND93
WKN:          555869, A1TND9
Listed:       Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr
              in Berlin, Düsseldorf, Hamburg, München, Stuttgart
 
End of Announcement                             DGAP News-Service
 
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