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4-Traders Homepage  >  Equities  >  Xetra  >  Paragon AG    PGN   DE0005558696

PARAGON AG (PGN)
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paragon : Subsidiary Voltabox Receives New Major Order for Lithium-Ion Battery Modules

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03/31/2017 | 10:37am CEST

Delbrück, Germany, March 30, 2017 - paragon AG has announced a new order from a major

customer for the German Voltabox subsidiary today.

With its innovative technology concepts, the wholly owned Voltabox subsidiary has

successfully established itself as a leading provider in individual electromobility submarkets

within a short period of time. The advantages of lithium-ion technology, the forward-looking

energy system design, the active thermal management and the intelligent battery

management from Voltabox provide vehicles and machines with high load requirements with

performance and cost benefits that simply aren't possible with any other drive technology

available on the market today.

  • Major client issues order for total energy content of 10 megawatt hours (MWh)
  • Traction batteries based on proven lithium-nickel-manganese-cobalt-oxide technology (NMC)
  • Production on new, highly automated assembly line at Delbrück site
  • Delivery in current fiscal year

paragon AG published this content on 30 March 2017 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 31 March 2017 08:36:15 UTC.

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Financials (€)
Sales 2017 124 M
EBIT 2017 11,9 M
Net income 2017 5,50 M
Debt 2017 48,7 M
Yield 2017 0,21%
P/E ratio 2017 72,06
P/E ratio 2018 46,48
EV / Sales 2017 3,63x
EV / Sales 2018 2,60x
Capitalization 403 M
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Mean consensus OUTPERFORM
Number of Analysts 4
Average target price 83,0 €
Spread / Average Target -6,8%
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Managers
NameTitle
Klaus Dieter Frers Chairman-Management Board
Lutz Eckstein Chairman-Supervisory Board
Stefan Schwehr Chief Technology Officer
Hermann Börnemeier Vice Chairman-Supervisory Board
Walter Schäfers Member-Supervisory Board
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