EQS-News: paragon improves Earnings and Cash Flow despite Decline in Revenue
EQS-News: paragon GmbH & Co. KGaA
/ Key word(s): 9 Month figures
paragon improves Earnings and Cash Flow despite Decline in Revenue
In the first nine months of 2024, paragon generated revenue of EUR 106.3m (previous year: EUR 122.0m). This reflects both the sale of the starter battery business in fall 2023 and the reduced call-off orders from paragon's customers. Although the latter have not recovered as expected since the beginning of the year, they have not deteriorated further. paragon reacted very early and consistently and adjusted capacities in addition to numerous cost-cutting measures. EBITDA in the first nine months amounted to EUR 12.9m (previous year: EUR 16.3m) despite the market challenges; EBITDA margin was 12.1% (previous year: 13.3%). In particular, reaching breakeven in net income in the third quarter of 2024 is a turnaround. Cash flow from operating activities increased to EUR 8.1m in the reporting period (previous year: EUR -5.6m). Net debt (bank and bond liabilities less cash and cash equivalents) remains almost unchanged at EUR 57.6m (end of 2023: EUR 57.7m). Sales expectations must be adjusted from EUR 160 to 165m to EUR 135 to 140m due to the unchanged call-off behavior of customers to date. The management sees the sustainable achievement of a positive net profit and a high operating cash flow, even with lower sales, as an important contribution to the company's resilience. As a result of the numerous improvement measures that are increasingly taking effect, paragon now expects to meet its previous EBITDA forecast of EUR 18 to 20m for the full year 2024 at the upper end of the range and to continue to generate slightly positive earnings after interest and taxes. For the 2025 financial year, revenue is currently expected to remain stable or grow slightly, with a significant increase in net profit, as the optimization measures implemented take full effect. Any plant closures by car manufacturers will not have a negative impact on paragon. In addition to increasing profitability, the focus will increasingly be on expanding sales activities in China, the USA and India as well as developing new products for the automotive industry and other sectors. The licensing of the "TELEFUNKEN" brand will lead to sales and profits from 2025.
About paragon GmbH & Co. KGaA paragon GmbH & Co. KGaA (ISIN DE0005558696), which is listed on the regulated market (Prime Standard) of Deutsche Börse AG in Frankfurt am Main, develops, produces and sells pioneering solutions in the fields of automotive electronics, body kinematics and electromobility. The portfolio of the market-leading direct supplier to the automotive industry includes innovative air quality management, modern display systems and high-end acoustic systems in the Electronics segment. In the Mechanics segment, paragon develops and produces active mobile aerodynamic systems. In the rapidly growing automotive market for battery systems, paragon's Power division supplies battery management systems and traction batteries. In addition to the company headquarters in Delbrück (North Rhine-Westphalia), paragon GmbH & Co. KGaA and its subsidiaries have sites in Suhl (Thuringia), Landsberg am Lech and Nuremberg (Bavaria), St. Georgen (Baden-Württemberg), Limbach (Saarland) and in Kunshan (China), Detroit (USA), Bengaluru (India) and Oroslavje (Croatia). You can find more information about paragon at www.paragon.ag.
Contact capital market paragon GmbH & Co. KGaA Klaus Dieter Frers Bösendamm 11 D-33129 Delbrück Phone: +49 (0) 52 50 - 97 62-100 Fax: +49 (0) 52 50 - 97 62-102 E-Mail:investor@paragon.ag Press contact Brigitte Frers Bösendamm 11 D-33129 Delbrück Phone: +49 (0) 52 50 - 97 62-142 Fax: +49 (0) 52 50 - 97 62-102 E-Mail:info@paragon.ag
12.11.2024 CET/CEST Dissemination of a Corporate News, transmitted by EQS News - a service of EQS Group AG. |
Language: | English |
Company: | paragon GmbH & Co. KGaA |
Bösendamm 11 | |
33129 Delbrück | |
Germany | |
Phone: | +49 (0)5250 9762 - 0 |
Fax: | +49 (0)5250 9762 - 102 |
E-mail: | investor@paragon.ag |
Internet: | www.paragon.ag |
ISIN: | DE0005558696, DE000A2GSB86, |
WKN: | 555869, A2GSB8, |
Listed: | Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Munich, Stuttgart, Tradegate Exchange |
EQS News ID: | 2027039 |
End of News | EQS News Service |
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2027039 12.11.2024 CET/CEST
Zur besseren Einschätzung der fundamentalen Entwicklung der jeweiligen Unternehmen bietet boersengefluester.de (BGFL) eine Übersicht mit den wesentlichen Kennzahlen zu Umsatz, Ergebnis, Cashflow und Dividende. Sämtliche Angaben werden manuell in unserer Datenbank erfasst – Quelle sind die jeweiligen Geschäftsberichte. Sofern es sich um Schätzungen für künftige Zahlen handelt, stammen sie durchweg von BGFL.
Die wichtigsten Finanzdaten auf einen Blick | ||||||||
2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024e | ||
Umsatzerlöse1 | 187,38 | 192,19 | 144,98 | 146,92 | 160,32 | 161,65 | 138,00 | |
EBITDA1,2 | 30,29 | -8,37 | -10,49 | 17,46 | 11,57 | 17,67 | 19,40 | |
EBITDA-Marge3 | 16,17 | -4,36 | -7,24 | 11,88 | 7,22 | 10,93 | 14,06 | |
EBIT1,4 | 14,83 | -119,95 | -49,15 | 0,78 | -3,05 | 1,05 | 2,80 | |
EBIT-Marge5 | 7,91 | -62,41 | -33,90 | 0,53 | -1,90 | 0,65 | 2,03 | |
Jahresüberschuss1 | 3,37 | -123,52 | -44,67 | -11,42 | -3,37 | -3,81 | -5,50 | |
Netto-Marge6 | 1,80 | -64,27 | -30,81 | -7,77 | -2,10 | -2,36 | -3,99 | |
Cashflow1,7 | -53,48 | -14,14 | 18,76 | 13,71 | 12,90 | -6,16 | 0,00 | |
Ergebnis je Aktie8 | 0,52 | -18,29 | -6,14 | -2,52 | -0,93 | -0,84 | -1,20 | |
Dividende8 | 0,25 | 0,00 | 0,00 | 0,00 | 0,00 | 0,00 | 0,00 |
1 in Mio. Euro; 2 EBITDA = Ergebnis vor Zinsen, Steuern und Abschreibungen; 3 EBITDA in Relation zum Umsatz; 4 EBIT = Ergebnis vor Zinsen und Steuern; 5 EBIT in Relation zum Umsatz; 6 Jahresüberschuss (-fehlbetrag) in Relation zum Umsatz; 7 Cashflow aus der gewöhnlichen Geschäftstätigkeit; 8 in Euro; Quelle: boersengefluester.de
Wirtschaftsprüfer: Rödl & Partner
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INVESTOR-INFORMATIONEN | ||||||
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Paragon | ||||||
WKN | ISIN | Rechtsform | Börsenwert | IPO | Einschätzung | Plus Code |
555869 | DE0005558696 | GmbH & Co. KGaA | 10,41 Mio € | 29.11.2000 | - | 9F3CQG4X+XC |
KGV 2025e | KGV 10Y-Ø | BGFL-Ratio | Shiller-KGV | KBV | KCV | KUV |
14,38 | 40,43 | 0,36 | -0,83 | -2,55 | -1,69 | 0,06 |
Dividende '2022 in € |
Dividende '2023 in € |
Dividende '2024e in € |
Div.-Rendite '2024e in % |
0,00 | 0,00 | 0,00 | 0,00% |
Hauptversammlung | Q1-Zahlen | Q2-Zahlen | Q3-Zahlen | Bilanz-PK |
12.06.2025 | 07.05.2025 | 19.08.2025 | 12.11.2024 | 30.04.2025 |
Abstand 60-Tage-Linie | Abstand 200-Tage-Linie | Performance YtD | Kursveränderung 52 Wochen | IPO |
+15,75% | -18,90% | -40,10% | -38,99% | -69,74% |
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