Paragon Kicks Off 2024 with High Hopes - A Positive Start to the New Year

• Paragon GmbH & Co. KGaA has started 2024 positively, with revenues and EBITDA developing positively despite subdued call-off level from customers.
• The company reported an EBITDA of EUR 4.1 million in the current period, up from EUR 3.8 million in the same period the previous year.
• The EBITDA ratio increased to 10.1% in Q1/2024, up from 8.6% in the prior-year quarter.
• Paragon has moved into a larger new building in China and expanded its product range in the country to include the entire European product portfolio.
• The company confirmed its forecast for the current financial year, expecting sales of EUR 160 to 165 million and EBITDA between EUR 18 and 20 million.
• Paragon's initiatives started in 2023 were systematically continued in the first quarter of 2024, including the reduction of debt and financing expenses, which led to a decrease in the consolidated net loss.

The next important date, Group Interim Report as of March 31, 2024 (1st Quarter), at paragon is on 07.05.2024.

The price of paragon at the time of the news was 3,8200EUR and did not change compared to the previous day.
18 minutes after the article was published, the price was 3,8300EUR this corresponds to a plus of +0,26 % since publication.

paragon

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ISIN:DE0005558696WKN:555869

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