paragon AG: Preliminary consolidated key figures for fiscal 2014 exceed forecasts

paragon AG  / Key word(s): Preliminary Results

18.02.2015 15:00

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paragon AG: Preliminary consolidated key figures for fiscal 2014 exceed
forecasts

  - EBIT between EUR 5.8 million and EUR 6.3 million

  - Up to 56% ahead of previous estimate of EUR 4.0 million

  - EBIT margin up to 7.9% (unadjusted) and up to 11.7% (adjusted)

  - Consolidated revenue up 7.0% to EUR 79 million (2013: EUR 73.9 million)

Delbrück, February 18, 2015 - The paragon Group clearly exceeded the fiscal
2014 earnings forecast issued in November last year. Unadjusted EBIT now
stands at between EUR 5.8 million and EUR 6.3 million (forecast: EUR 4.0
million) and the corresponding EBIT margin at between 7.3% and 7.9%,
compared with the forecast of 5.0%. Adjusted EBIT is expected to come in
between EUR 8.6 million and EUR 9.1 million and accordingly the adjusted
EBIT margin will be between 10.9% and 11.7%, rather than the initial
expectation of 10%. The company thus exceeded its previous EBIT forecast by
up to 56%. In fiscal 2013, the company's EBIT totaled EUR 7.9 million and
its EBIT margin amounted to 10.7%. This substantially better performance is
due among other factors to an additional high-margin order in a high
six-digit revenue range from December 2014 and to currency items.

Consistent with expectations, consolidated revenue for fiscal 2014 totaled
some EUR 79.0 million, as against EUR 73.9 million in the previous year.

paragon AG will publish the final key figures with its full consolidated
financial statements on March 11, 2015.

Company profile

Listed in the regulated market (Prime Standard) of Deutsche Börse AG in
Frankfurt am Main, paragon AG develops, produces, and sells advanced
automotive electronics solutions. The portfolio of this direct supplier to
the automotive industry includes products in the following business
segments: Sensors, Acoustics, Cockpit, Electromobility, and Body
Kinematics. Headquartered in Delbrück (North Rhine-Westphalia), paragon AG
has branches in Suhl (Thuringia), Nuremberg (Bavaria), and St. Georgen
(Baden-Württemberg) as well as a sales office in Shanghai (China) and a
subsidiary in Austin (Texas, United States).

Contact

paragon AG
Schwalbenweg 29
33129 Delbrück
Germany
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

Financial press & investor relations contact
Instinctif Deutschland GmbH
Michael Müller
Tel.:  +49 (0) 221/42075-0
E-mail: michael.mueller@instinctif.com


18.02.2015 The DGAP 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, DE000A1TND93
WKN:          555869, A1TND9
Listed:       Regulated Market in Frankfurt (Prime Standard); Regulated
              Unofficial Market in Berlin, Dusseldorf, Hamburg, Munich,
              Stuttgart
 
End of Announcement                             DGAP News-Service
 
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