paragon AG [ISIN DE0005558696] today published its interim report for the first quarter of 2016 and confirmed its outlook for the current fiscal year.

The company generated consolidated revenue of € 23.2 million in the first quarter (prior year: € 21.2 million). In a favorable overall climate in the automotive industry, this growth was chiefly driven by the Electromobility and Acoustics business divisions. Due to the expansion in the electromobility business, cost of material rose to € 13.0 million (prior year: € 11.8 million), resulting in gross profit of € 14.2 million (prior year: € 12.4 million). That corresponds to a current gross margin of 61.2 percent (prior year: 58.6 percent).

  • Consolidated revenue up 9.4 percent to € 23.2 million (prior year: € 21.2 million)
  • Electromobility subsidiary Voltabox with substantial contribution to growth
  • EBITDA up 8.3 percent to € 3.0 million (prior year: € 2.8 million)
  • EBIT of € 1.4 million matches prior year's figure
  • Investments decrease to € 5.0 million (prior year: € 9.6 million)
  • Revenue and earnings forecast for current fiscal year confirmed

paragon AG issued this content on 27 April 2016 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 28 April 2016 10:09:30 UTC

Original Document: http://www.paragon.ag/en/nc/investors/financial-news-reports/financial-news/articles-financial-news/nsctrl/detail/News/paragon-ag-upholds-unimpeded-growth-course-in-1st-quarter.html