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 --------------------------------------------------------------------- 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 --------------------------------------------------------------------- 2015-02-18 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG. The issuer is solely responsible for the content of this announcement. The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Media archive at www.dgap-medientreff.de and www.dgap.de --------------------------------------------------------------------- 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 News DGAP News-Service --------------------------------------------------------------------- 324711 2015-02-18