Revenue increase of 11.8% in the first quarter

paragon AG / Key word(s): Quarter Results 08.05.2012 19:42 Dissemination of an Ad hoc announcement according to § 15 WpHG, transmitted by DGAP - a company of EquityStory AG. The issuer is solely responsible for the content of this announcement. --------------------------------------------------------------------------- Delbrück, May 8, 2012. paragon AG, an exchange-listed direct supplier to the automotive industry, performed much better than expected in the first quarter of 2012 with a revenue increase of 11.8% to EUR18.9 million (previous year: EUR16.9 million). EBITDA increased by 4.1% to EUR3.7 million (previous year: EUR3.5 million), which led to an EBITDA margin of 19.4%. EBIT grew by 2.3% to EUR2.5 million (previous year: EUR2.4 million), resulting in an EBIT margin of 13.2%. Net profit for the year amounted to EUR1.9 million (previous year: EUR1.8 million). Earnings per share increased similarly by 6.4% to EUR0.46 (previous year: EUR0.44). paragon increased cash flows from operating activities by 52.4% to EUR1.9 million (previous year: EUR1.3 million). Free liquidity rose by 17.5% to EUR11.8 million (previous year: EUR7.1 million). paragon also reduced interest-bearing liabilities by 28.6% to EUR14.6 million (previous year: EUR20.5 million, and net debt by 35.6% to EUR6.7 million (previous year: EUR10.4 million). Equity grew to EUR11.7 million (previous year: EUR6.3 million), which resulted in an equity-to-assets ratio of 27.5% (previous year: 14.0%). Although the dynamic start to the year 2012 exceeded the expectations of the Managing Board, the Company's management is still forecasting revenue growth in the single-digit percentage range and an EBIT margin at the same level as in the previous year. Portrait paragon AG has steadily grown to become one of the best-known suppliers to the automotive industry since its founding in 1988 in the Westphalian town of Delbrück. Listed on the stock exchange since 2000, paragon uses innovative solutions that not only improve communication but also make the driving experience healthier, more comfortable, and more efficient. Every worker at paragon is passionate about automobiles. Every day they strive to be inventive, better and unique in all they do. Their dedication goes far beyond sensors and solutions for automotive interiors, however. Increasingly, paragon has been embracing more sophisticated systems such as electric vehicles and kinematics. 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 Email: info@paragon.ag 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 Email: matthias.hack@paragon.ag 08.05.2012 DGAP's 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 WKN: 555869 Listed: Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr in Berlin, Düsseldorf, Hamburg, München, Stuttgart End of Announcement DGAP News-Service ---------------------------------------------------------------------------