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. --------------------------------------------------------------------------- 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 --------------------------------------------------------------------------- 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 ---------------------------------------------------------------------------