Paragon : publishes final 2014 consolidated annual financial statements

par agon AG publ i shes fin a l 2014 consol i dated annual f i nanci al st at em ent s

• Ke y figures right at top of forecast range
• EBIT margin of 7.9% and EBIT of €€ 6.2 million
• Group revenue s clearly headed for €€ 100 million in 2015 forecast
Delbrück, March 11 , 201 5 - paragon AG generated consolidated revenue s of

€€ 79.0 million in fiscal 2014, up from €€ 73.9 million in the previous year . Adjusted EBIT amounted to €€ 9.2 million and the adjusted EBIT margin was 11.7% . Unadjusted EBIT for the past fi scal year totaled €€ 6. 2 million with a corresponding EBIT margin

of 7.9% . Earnings were thus right at the top of the range estimated i n the preliminary figures published in February . In the previous year, EBIT amounted to

€€ 7.9 million resulting in an EBIT margin of 10.7% .

Comments Klaus Dieter Frers, CEO of paragon AG: "Given the high volume of investment in the past year, these are excellent results for us. Not just that, the foreseeable course of business and takeover
of SphereDesign GmbH now make the €€ 100 million mark absolutely realistic as a revenue target for
the current fiscal year 2015. Driven by positive developments in our business segments this substantial growth is set to continue in the years ahead as well."
In particular, revenues in the Sensors segment grew from €€ 27.6 million to €€ 31.3 million while revenues in the Acoustics division rose from €€ 11.7 million to €€ 14.5 million. The Cockpit segment also
posted slight growth from €€ 27.3 million to €€ 27.5 million. The new Body Kinematics division

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increased its revenues from €€ 3.5 million to €€ 3.7 million. In fiscal 2013, the Electromobility segment
had reported revenues of €€ 3.8 million mainly resulting from development revenues. The two subsidiaries created out of this segment, Voltabox Deutschland GmbH and Voltabox of Texas, Inc., generated total revenues of €€ 2.1 million from various production start-ups in the past fiscal year.
Remarks Klaus Dieter Frers: "For Electromobility and Voltabox, 2015 will be a special year one in which product revenue will really take off. We are already working hard on new important projects and co-operations and are confident that we will soon be able to report further success stories. In the years ahead, we will see very dynamic developments here."
Key earnings figures outstripped expectations in the past fiscal year. Adjusted EBITDA amounted to

€€ 13.5 million (prior year: €€ 12.5 million) thus reflecting the company's pleasing operating performance, resulting in an EBITDA margin of 17.1% (prior year: 16.9%). Unadjusted EBITDA totaled

€€ 10.5 million with an EBITDA margin of 13.3%. Annual net income came in at €€ 2.8 million as against

€€ 3.9 million in the previous year. Finally, earnings per share amounted to €€ 0.67 compared with

€€ 0.96 last year.

For fiscal year 2015, the Managing Board now expects consolidated revenues about €€ 100 million. Alongside a strong performance of Voltabox, this growth will also be driven by the excellent order situation for AQI and AQS air quality sensors and the booming sales of microphones, display instruments, and back-up cameras. The recent acquisition of SphereDesign GmbH is now included in
the revenue target for the first time. The unadjusted EBIT margin is set to reach around 10%. "In
2015, our revenues and earnings will already clearly benefit from the investments made in recent years and that although we will continue to invest heavily in Germany and abroad this year as well.
Our pipeline is full for the years ahead."

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Com p any p r o f i l e

Listed in the regulated market (Prime Standard) of Deutsche Börse AG in Frankfurt am Main, paragon AG develops, produces, and sells advanced automotive electronics solutions. The portfolio of this direct supplier to the automotive industry includes products in the following business segments: Sensors, Acoustics, Cockpit, Electromobility, and Body Kinematics. Headquartered in Delbrück (North Rhine-Westphalia), paragon AG has branches in Suhl (Thuringia), Nuremberg (Bavaria), and St. Georgen (Baden-Württemberg), the subsidiary SphereDesign in Bexbach (Saarland), a sales office in Shanghai (China), and a subsidiary in Austin (Texas, United States).

C onta c t

par agon A G Schwalbenweg 29

33129 Delbrück

Germany

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

Fi n a n ci a l p r e ss & i n v e st o r r e l a t i o n s co n t ac t

Instinctif Deutschland GmbH Michael Müller

Tel.: +49 (0) 221/42075-0

E-mail: michael.mueller@instinctif.com

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