Contact
QR code for the current URL

Press release Box-ID: 56517

paragon GmbH & Co. KGaA Bösendamm 11 33129 Delbrück, Germany http://www.paragon.ag/
Contact Matthias Hack +49 5250 9762141
Company logo of paragon GmbH & Co. KGaA
paragon GmbH & Co. KGaA

paragon continues on long-term course for growth

23.9% revenue growth in fiscal 2005/34,5% increase in operating result (EBITDA)page/Plans to double dividend to €0.20 per share/Over 35% rise in revenue to €110-115 million planned for 2006

(PresseBox) (Delbrück, )
In fiscal 2005, paragon AG again successfully pursued its
growth strategy. During the year, the company, which is listed in the Prime Standard
on the Deutsche Börse stock exchange, increased its revenue by 23.9% to €80.2
million.
As forecast, the company’s operating result experienced the steepest growth:

paragon successfully boosted growth in EBITDA by 34,5% to €13.9 million. In view of
this positive business development, the Board of Directors announced plans to double
the dividend to €0.20 per share. At paragon’s financial statement press conference,

Chief Executive Officer Klaus Dieter Frersexpressed his immense satisfaction with the last financial year: “Once again our growthoriented strategy has made it possible for us to push our products in the toughly contested automotive supplier market. Our focus on exciting innovations and our ongoing advance into new niches continue to be successful.” This has enabled paragon to counter the cost pressures that are affecting many other suppliers in the automotive industry.

Within the short space of two years, paragon almost doubled its revenue. It grew its earnings from €40.7 million in 2003 to €80.2 million in 2005. This result can be attributed not only to the company’s original business but also to its fast, smooth integration of new business units.

“The combination of internal and external growth continues to be the key to our success. It helps us to save time and to reach our goals much faster,” Klaus Dieter Frers explains. Another piece of good news focuses on development in the USA. The U.S. segment of the group contributed €8.7 million (€5.7 million in 2004) to total revenues, a figure that represents a 51.4% rise on its share in 2004.

paragon GmbH & Co. KGaA

Die im Prime Standard der Deutschen Börse in Frankfurt a. M. notierte paragon AG entwickelt, produziert und vertreibt zukunftsweisende Systemlösungen in den Geschäftsfeldern Automotive (Klimasysteme / Car Media Systeme / Anzeige- und Bediensysteme) und Electronic Solutions inkl. Gebäudetechnik. Zum Produktportfolio des Direktlieferanten der Automobilindustrie zählen u. a. der mit Abstand weltmarktführende Luftgütesensor AQS, Freisprecheinrichtungen und Anzeigeinstrumente. Neben dem Hauptsitz in Delbrück (Nordrhein-Westfalen) befinden sich Standorte in Suhl (Produktion, Thüringen), Cadolzburg (Car Media Systeme, Bayern), St. Georgen (Anzeigeinstrumente, Baden-Württemberg) und Heidenheim (Vertrieb Electronic Solutions, Baden-Württemberg). International ist der paragon-Konzern durch 100 %-Tochterunternehmen in Grand Rapids (Entwicklung, Produktion und Vertrieb, Michigan/USA) und Osaka (Applikation, Vertrieb; Japan) sowie Vertriebsniederlassungen in Paris (Frankreich) und Turin (Italien) vertreten. Der paragon-Konzern erzielte im Geschäftsjahr 2007 mit 594 Mitarbeitern einen Umsatz von 108,9 Mio. €.

The publisher indicated in each case is solely responsible for the press releases above, the event or job offer displayed, and the image and sound material used (see company info when clicking on image/message title or company info right column). As a rule, the publisher is also the author of the press releases and the attached image, sound and information material. The use of information published here is generally free of charge for personal information and editorial processing. Please clarify any copyright issues with the stated publisher before further use. In case of publication, please send a specimen copy to service@pressebox.de.
Important note:

Systematic data storage as well as the use of even parts of this database are only permitted with the written consent of unn | UNITED NEWS NETWORK GmbH.

unn | UNITED NEWS NETWORK GmbH 2002–2022, All rights reserved

The publisher indicated in each case is solely responsible for the press releases above, the event or job offer displayed, and the image and sound material used (see company info when clicking on image/message title or company info right column). As a rule, the publisher is also the author of the press releases and the attached image, sound and information material. The use of information published here is generally free of charge for personal information and editorial processing. Please clarify any copyright issues with the stated publisher before further use. In case of publication, please send a specimen copy to service@pressebox.de.