22.11.2021 paragon GmbH & Co. KGaA  DE0005558696

DGAP-News: paragon Confirms Q3 Figures - Clear Focus on Fast-Growing Automotive Business


DGAP-News: paragon GmbH & Co. KGaA / Key word(s): 9 Month figures
paragon Confirms Q3 Figures - Clear Focus on Fast-Growing Automotive Business

22.11.2021 / 07:00
The issuer is solely responsible for the content of this announcement.

paragon Confirms Q3 Figures - Clear Focus on Fast-Growing Automotive Business

- Preliminary figures confirmed: Automotive business revenue after nine months at € 109.7 million (+30.8% compared to the prior year)

- At € 34.0 million, revenue in Q3/2021 remained at the prior year's high level despite the reduced production figures of automotive manufacturers (+10.1% vs. Q3/2019)

- EBITDA doubled after nine months compared to the prior year - paragon's EBITDA margin within previously communicated target range for 2021 at 13.6%

- Clear focus on core automotive business after successful sale of the Voltabox stake

- Debt reduction of the paragon Group will continue according to plan

Delbrück, Germany, November 22, 2021 - paragon GmbH & Co. KGaA [ISIN DE0005558696] presented today the Group interim report as of September 30, 2021, in which it confirmed the previously communicated preliminary figures. Accordingly, the company proved to be very robust both in terms of revenue development and profitability despite the reduced production figures of automotive manufacturers in the third quarter. Through the completed sale of the stake in Voltabox, the focus of paragon is now completely on the successful automotive business.

"In the third quarter of 2021, paragon demonstrated its resilience in a difficult market environment," declares Klaus Dieter Frers, founder and CEO of paragon. "This way, the revenue of paragon was able to remain at the high level of the same quarter of the prior year despite the clearly reduced production figures of automotive manufacturers."

In the third quarter of 2021, paragon's revenue totaled € 34 million. Therefore, quarterly revenue slightly exceeded the revenue in the third quarter of 2020 by 0.6% (€ 33.8 million) and was considerably higher than in Q3/2019 (+10.1%).

After nine months, revenue amounted to € 109.7 million and therefore 30.8% higher than the revenue in the first nine months of 2020 (€ 83.8 million). Our top sellers were the innovative products in the field of air quality management (Sensors operating segment) and the instruments product group (Interior operating segment), which were able to increase their revenue compared to the prior year by 52.0% and 28.7%, respectively.

After the first nine months, EBITDA amounted to € 15.0 million and therefore doubled compared with the same period last year (€ 7.5 million). In percentage terms, EBITDA after the first nine months was at 13.6% (prior year: 9.0%) and therefore within the previously communicated range of 12 to 15%.

"In addition to the nomination for the first large-scale production order of our electrostatic DUSTPROTECT virus filter in the Sensors operating segment, we are especially proud to have won several orders in the Kinematics operating segment for our adaptive spoilers in the Chinese market," explains Dr. Matthias Schöllmann, Managing Director of Automotive. "These orders will enable us to further reinforce our position as the market leader for spoiler systems."

The recently completed sale of the stake in Voltabox AG provided a considerable boost to the liquidity of paragon GmbH & Co. KGaA; paragon will now focus exclusively on its automotive business. The Power operating segment will be expanded through the takeover and integration of Voltabox AG's automotive business and the usage of the Flow-Shape Design technology.


About paragon GmbH & Co. KGaA

paragon GmbH & Co. KGaA (ISIN DE0005558696), which is listed in the regulated market (Prime Standard) of the Frankfurt Stock Exchange, develops, produces and distributes forward-looking solutions in the field of automotive electronics, body kinematics and e-mobility. As a market-leading direct supplier to the automotive industry, the company's portfolio includes the Electronics operating segment's innovative air-quality management, state-of-the-art display systems and connectivity solutions, and high-end acoustic systems. In the Mechanics operating segment, paragon develops and produces active mobile aerodynamic systems. With Voltabox AG (ISIN DE000A2E4LE9), a subsidiary that is also listed on the regulated market (Prime Standard) of the Frankfurt Stock Exchange, the Group is also active in the Electromobility operating segment with its cutting-edge lithium-ion battery systems developed in-house. In the rapidly growing automotive market for battery systems and power electronics, paragon now acts independently after the sale of the Voltabox share.

In addition to the company 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 well as in Kunshan (China), Bangalore (India) and Oroslavje (Croatia).

Additional information about paragon can be found at www.paragon.ag.

Capital Market & Press Contact

paragon GmbH & Co. KGaA

Dr. Martin Esser
Bösendamm 11
33129 Delbrück, Germany
Phone: +49 (0) 52 50 - 97 62-200
Fax: +49 (0) 52 50 - 97 62-102
Email: [email protected]

22.11.2021 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.
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Language: English
Company: paragon GmbH & Co. KGaA
Bösendamm 11
33129 Delbrück
Phone: +49 (0)5250 97 62 - 0
Fax: +49 (0)5250 97 62 - 60
E-mail: [email protected]
Internet: www.paragon.ag
ISIN: DE0005558696, DE000A2GSB86,
WKN: 555869, A2GSB8,
Listed: Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Munich, Stuttgart, Tradegate Exchange
EQS News ID: 1250798

End of News DGAP News Service

1250798  22.11.2021 


Die wichtigsten Finanzdaten auf einen Blick
  2016 2017 2018 2019 2020 2021 2022e
Umsatzerlöse1 102,79 124,82 187,38 192,19 144,98 146,92 160,00
EBITDA1,2 16,09 17,03 30,29 -8,37 -10,49 17,46 25,80
EBITDA-Marge3 15,65 13,64 16,17 -4,36 -7,24 11,88 16,13
EBIT1,4 8,93 7,63 14,83 -119,95 -49,15 0,78 5,00
EBIT-Marge5 8,69 6,11 7,91 -62,41 -33,90 0,53 3,13
Jahresüberschuss1 3,56 -0,66 3,37 -123,52 -44,67 -11,42 -2,50
Netto-Marge6 3,46 -0,53 1,80 -64,27 -30,81 -7,77 -1,56
Cashflow1,7 16,80 -8,37 -53,48 -14,14 18,76 13,71 16,00
Ergebnis je Aktie8 0,84 -0,15 0,52 -18,29 -6,14 -2,52 -0,55
Dividende8 0,25 0,25 0,25 0,00 0,00 0,00 0,00
Quelle: boersengefluester.de und Firmenangaben

  Geschäftsbericht 2021 - Kostenfrei herunterladen.  
1 in Mio. Euro; 2 EBITDA = Ergebnis vor Zinsen, Steuern und Abschreibungen; 3 EBITDA in Relation zum Umsatz; 4 EBIT = Ergebnis vor Zinsen und Steuern; 5 EBIT in Relation zum Umsatz; 6 Jahresüberschuss (-fehlbetrag) in Relation zum Umsatz; 7 Cashflow aus der gewöhnlichen Geschäftstätigkeit; 8 in Euro; Quelle: boersengefluester.de

Wirtschaftsprüfer: Baker Tilly

WKN Kurs in € Einschätzung Börsenwert in Mio. €
555869 4,870 Verkaufen 22,04
KGV 2023e KGV 10Y-Ø BGFL-Ratio Shiller-KGV
21,17 30,84 0,69 -2,04
6,68 1,61 0,15 7,13
Dividende '20 in € Dividende '21e in € Div.-Rendite '21e
in %
0,00 0,00 0,00 14.06.2022
Q1-Zahlen Q2-Zahlen Q3-Zahlen Bilanz-PK
16.05.2022 22.08.2022 22.11.2022 29.04.2022
Abstand 60Tage-Linie Abstand 200Tage-Linie Performance YtD Performance 52 Wochen
-8,22% -32,07% -32,17% -55,53%
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