DGAP-News: paragon GmbH & Co. KGaA / Key word(s): 9 Month figures
22.11.2021 / 07:00
The issuer is solely accountable for the content of this announcement.
paragon Confirms Q3 Figures – Obvious Concentrate on Rapid-Growing Automotive Enterprise
– Preliminary figures confirmed: Automotive business revenue soon after 9 months at € 109.7 million (+30.8% in comparison to the prior 12 months)
– At € 34. million, earnings in Q3/2021 remained at the prior year’s higher level inspite of the reduced production figures of automotive suppliers (+10.1% vs. Q3/2019)
– EBITDA doubled right after 9 months when compared to the prior calendar year – paragon’s EBITDA margin in just previously communicated concentrate on array for 2021 at 13.6%
– Distinct aim on core automotive business soon after effective sale of the Voltabox stake
– Credit card debt reduction of the paragon Group will proceed in accordance to strategy
Delbrück, Germany, November 22, 2021 – paragon GmbH & Co. KGaA [ISIN DE0005558696] offered currently the Group interim report as of September 30, 2021, in which it confirmed the previously communicated preliminary figures. Accordingly, the organization proved to be quite sturdy both in conditions of earnings enhancement and profitability regardless of the diminished manufacturing figures of automotive manufacturers in the third quarter. Via the accomplished sale of the stake in Voltabox, the concentrate of paragon is now absolutely on the successful automotive business enterprise.
“In the 3rd quarter of 2021, paragon shown its resilience in a difficult current market natural environment,” declares Klaus Dieter Frers, founder and CEO of paragon. “This way, the earnings of paragon was ready to remain at the significant level of the identical quarter of the prior yr regardless of the evidently reduced production figures of automotive producers.”
In the third quarter of 2021, paragon’s income totaled € 34 million. Hence, quarterly revenue marginally exceeded the profits in the 3rd quarter of 2020 by .6% (€ 33.8 million) and was noticeably larger than in Q3/2019 (+10.1%).
Following nine months, earnings amounted to € 109.7 million and therefore 30.8% increased than the income in the very first nine months of 2020 (€ 83.8 million). Our best sellers were the ground breaking products in the field of air top quality administration (Sensors working section) and the devices product or service team (Interior functioning section), which were being equipped to increase their profits as opposed to the prior calendar year by 52.% and 28.7%, respectively.
Immediately after the 1st 9 months, EBITDA amounted to € 15. million and as a result doubled in contrast with the same interval final 12 months (€ 7.5 million). In percentage conditions, EBITDA just after the 1st 9 months was at 13.6% (prior 12 months: 9.%) and as a result in just the previously communicated array of 12 to 15%.
“In addition to the nomination for the to start with massive-scale creation buy of our electrostatic DUSTPROTECT virus filter in the Sensors running segment, we are specially proud to have received various orders in the Kinematics running segment for our adaptive spoilers in the Chinese market,” explains Dr. Matthias Schöllmann, Handling Director of Automotive. “These orders will help us to even more reinforce our place as the sector chief for spoiler units.”
The just lately finished sale of the stake in Voltabox AG presented a significant boost to the liquidity of paragon GmbH & Co. KGaA paragon will now emphasis completely on its automotive company. The Energy functioning phase will be expanded by way of the takeover and integration of Voltabox AG’s automotive company and the utilization of the Move-Condition Design and style technologies.
About paragon GmbH & Co. KGaA
paragon GmbH & Co. KGaA (ISIN DE0005558696), which is shown in the controlled sector (Prime Conventional) of the Frankfurt Inventory Exchange, develops, provides and distributes ahead-wanting remedies in the field of automotive electronics, human body kinematics and e-mobility. As a sector-top immediate provider to the automotive business, the company’s portfolio incorporates the Electronics functioning segment’s revolutionary air-excellent administration, point out-of-the-artwork display programs and connectivity methods, and high-end acoustic methods. In the Mechanics working phase, paragon develops and creates lively mobile aerodynamic systems. With Voltabox AG (ISIN DE000A2E4LE9), a subsidiary that is also shown on the regulated sector (Key Common) of the Frankfurt Stock Trade, the Group is also active in the Electromobility working section with its reducing-edge lithium-ion battery units formulated in-dwelling. In the rapidly increasing automotive industry for battery programs and electrical power electronics, paragon now acts independently after the sale of the Voltabox share.
In addition to the corporation headquarters in Delbrück (North Rhine-Westphalia, Germany), paragon GmbH & Co. KGaA and its subsidiaries operate sites in Suhl (Thuringia, Germany), Landsberg am Lech and Nuremberg (Bavaria, Germany), St. Georgen (Baden-Württemberg, Germany), Limbach (Saarland, Germany), Aachen (North Rhine-Westphalia, Germany) as properly as in Kunshan (China), Bangalore (India) and Oroslavje (Croatia).
Extra data about paragon can be uncovered at www.paragon.ag.
Capital Current market & Press Call
paragon GmbH & Co. KGaA
Dr. Martin Esser
33129 Delbrück, Germany
Cell phone: +49 () 52 50 – 97 62-200
Fax: +49 () 52 50 – 97 62-102
E mail: [email protected]
22.11.2021 Dissemination of a Corporate News, transmitted by DGAP – a service of EQS Team AG.
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