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

DGAP-News: paragon AG / Key word(s): Preliminary Results

2015-02-18 / 15:01

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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 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%.

Comments Klaus Dieter Frers, Chairman of the Managing Board of paragon AG:
"Considering the enormous investments made in fiscal 2014, which we
deliberately trebled compared with 2013, we are of course very satisfied
with these results. We have thus laid an excellent foundation for the
current fiscal year."

The company's earnings performance was positively influenced among other
factors by an additional high-margin order in a high six-digit revenue
range from December 2014 and by 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. Moreover, based
on preliminary figures the past year also saw a significant increase in the
company's cash flow from operations.

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



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2015-02-18 Dissemination of a Corporate News, transmitted by DGAP - a
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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                                                  
 
 
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324711 2015-02-18