paragon comfortably outperforms own forecasts

paragon AG / Key word(s): Final Results 15.03.2011 08:21 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, March 15, 2011: paragon AG has comfortably outperformed its Managing Board's forecasts for the full 2010 financial year, which comprised two short fiscal years. During the period from June 1 to December 31, 2010, paragon continued along the successful path that had started at the beginning of the year, increasing its sales by 16.5 percent to EUR35.2 million compared with EUR30.2 million in the corresponding period of 2009. The growth rates reported for its earnings figures - adjusted for the effects of restructuring - during this seven-month period were significantly higher. Adjusted EBIT surged by 204.4 percent to EUR3.2 million (corresponding period of 2009: EUR1.1 million), while adjusted EBITDA jumped by 56.0 percent to EUR6.2 million (corresponding period of 2009: EUR4.0 million). paragon's overall performance in 2010 turned out better than expected. In May 2010, CEO Klaus Dieter Frers had predicted sales of EUR58.0 million and adjusted EBITDA of EUR7.5 million for the full financial year; in December he raised his forecast for adjusted EBITDA to at least EUR9.0 million. In the end, paragon comfortably outperformed these forecasts by generating sales of EUR60.4 million and adjusted EBITDA of EUR10.2 million. The Company increased its sales by 14.7 percent and boosted its adjusted EBITDA by 41.0 percent compared with 2009. paragon will present its report for the short fiscal year from June 1 to December 31, 2010 as planned on the occasion of the financial statements press conference to be held on March 29, 2011. Portrait paragon AG, listed in the Prime Standard of Deutsche Börse in Frankfurt develops, produces and markets innovative solutions in the field of automotive electronics. The portfolio of this direct supplier to the automotive industry includes products in the field of air quality, power train, acoustics, cockpit, stepper motors, media interfaces and controls. One excellent product is the undoubtedly world leading air quality sensor, AQS. Apart from its headquarters in Delbrück (North Rhine-Westphalia) there are branches in Suhl (Thuringia), Nuremberg (Bavaria) and St. Georgen (Baden-Württemberg). For the fiscal year 2010, paragon, with more than 300 employees, is aiming to generate sales of EUR58 million. 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-online.de Email: info@paragon-online.de 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-online.de 15.03.2011 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 Deutschland Phone: +49 (0)5250 97 62 - 0 Fax: +49 (0)5250 97 62 - 60 E-mail: investor@paragon-online.de Internet: www.paragon-online.de ISIN: DE0005558696 WKN: 555869 Listed: Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr in Berlin, Düsseldorf, Hamburg, München, Stuttgart End of Announcement DGAP News-Service ---------------------------------------------------------------------------