paragon Automotive grows by a third



DGAP-News: paragon GmbH & Co. KGaA / Keyword (s): Interim report / Annual report
20.07.2021 / 16:50
The issuer is solely responsible for the content of this advertisement.

paragon Automotive grows by a third

– Automotive business revenue increased 33% to € 39.2 million in the first quarter – disproportionate growth of 67.2% in the Sensors unit

– EBITDA margin at 15.5% (previous year: 6.8%) – Positive free cash flow

– Well-managed semiconductor shortage so far – inventory replenished early

– Forecast for the year confirmed: turnover of around € 145m with an EBITDA margin between 12 and 15%, free cash flow of around € 12m

Delbrück, Germany, July 20, 2021 – paragon [ISIN DE0005558696] today published its 2020 consolidated accounts and its half-year financial report for March 31, 2021. The report shows that the direct supplier to the automotive industry continued its strong development from the second half of 2020 in the Electronics and Mechanical segments (paragon Automotive) and increased its turnover by 33.1% to 39.2 million euros compared to the previous year. The forecast EBITDA margin of 12% to 15% for the year will be maintained.

“Demand from our automotive customers was very high in the first quarter,” says Klaus Dieter Frers, founder and CEO of paragon. “This trend is in line with what we observed in the second half of 2020. The dimension of revenue growth becomes really clear when compared to that before the 2019 coronavirus: even then, the growth rate was around 29%. ”

The young Digital Assistance unit, represented by the subsidiary paragon semvox GmbH, further developed very strongly in the first quarter. The AI ​​software business almost doubled with growth of 91.7% to 2.3 million euros. This means that paragon Automotive’s share of sales now stands at around 6%. paragon increased its stake in paragon semvox GmbH from 4.5% to 86.5% in the first quarter and then from 9.0% to 95.5% in the second quarter. With the licensing of Voltabox’s FSD (R) technology for the development and production of lithium-ion batteries for the automotive industry, the company has also charted another important strategic path for the future.

The other units also contributed to the growth in Automotive sales during the first three months, with in some cases significant growth jumps. The turnover of the Sensors unit increased by 67.5% to 12.6 million euros (previous year: 7.5 million euros). An important factor in this development has been the high demand for the Dustdetect (R) particle sensor. The Kinematics unit (within the Mechanical operating segment) contributed € 11.7 million to sales (previous year: € 9.7 million), an increase of around 20%. The strength of the evolution is evident when compared to the first quarter of 2019 (+ 34%).

It was mainly the Electronics operating segment and its Sensors, Interior and Digital Assistance units that contributed to the solid development of paragon Automotive’s EBITDA margin during the first three months. The segment’s EBITDA amounted to 4.9 million euros (previous year: -1.5 million euros), which, with a segment turnover of 28.3 million euros (year previous: 19.8 million euros), represents an EBITDA margin of 17.3%. The EBITDA of the Mechanical operating segment amounted to 1.1 million euros (previous year: -0.9 million euros), ie a margin of 9.6%.

“In order to be able to fulfill orders without limitation despite the chip shortage, we have built up safety stocks at an early stage. This means that we are also very well prepared for the rest of the year ”, underlines Dr Matthias Schöllmann, Director Automotive Director at paragon.

Management expects sales of around 145 million euros for the automotive division for the current fiscal year. An EBITDA margin of 12% to 15% is expected, while free cash flow is expected to be around 12 million euros.

The company will present the semi-annual report on June 30, 2021, August 24. A few days later, paragon GmbH & Co. KGaA will hold its annual general meeting on August 31 – again in virtual form due to the Coronavirus pandemic.

Further information on paragon GmbH & Co. KGaA can be found at

Profile: paragon GmbH & Co. KGaA

paragon GmbH & Co. KGaA (ISIN DE0005558696), which is listed on the regulated market (Prime Standard) of the Frankfurt Stock Exchange, develops, produces and distributes solutions for the future in the field of automotive electronics, kinematics bodywork and electric mobility. As a leading direct supplier to the automotive industry, the company’s portfolio includes innovative air quality management for the Electronics operating segment, display systems and advanced connectivity solutions. , as well as high-end acoustic systems. In the Mechanical operating segment, paragon develops and produces active mobile aerodynamic systems. In addition, the Group holds a stake in Voltabox AG (ISIN DE000A2E4LE9), a subsidiary also listed on the regulated market (Prime Standard) of Deutsche Börse AG in Frankfurt am Main and active in the electromobility segment with advanced lithium. -Ionic battery systems for industrial use developed in-house. In the rapidly growing automotive market for battery systems and power electronics, paragon will operate autonomously in the future.

In addition to the company headquarters in Delbrück (North Rhine-Westphalia, Germany), paragon GmbH & Co. KGaA and its subsidiaries operate sites in Suhl (Thuringia, Germany), Landsberg am Lech, Neu-Ulm and Nuremberg ( Bavaria, Germany), St. Georgen (Baden-Württemberg, Germany), Limbach (Saar, Germany), Aachen (North Rhine-Westphalia, Germany) as well as in Kunshan (China), Bangalore (India) , Oroslavje (Croatia) and Austin (Texas, USA).

Further information on paragon is available at

Contact Capital Market & Press

paragon GmbH & Co. KGaA

Stefan Westemeyer
Bösendamm 11
33129 Delbrück, Germany
Telephone: +49 (0) 52 50 – 97 62-141
Fax: +49 (0) 52 50 – 97 62-63
Email: [email protected]

20.07.2021 Dissemination of a Corporate News, transmitted by DGAP – a service of EQS Group AG.
The issuer is solely responsible for the content of this advertisement.

DGAP’s distribution services include regulatory announcements, financial / corporate news, and press releases.
Archives on


Leave A Reply

Your email address will not be published.