sur Paragon AG (isin : DE0005558696)
Paragon Confirms Half-Year Figures
Delbrück, August 21, 2024 - Paragon GmbH & Co. KGaA confirmed its half-year figures for 2024. Sales reached EUR 75.4 million, a drop from the previous year's EUR 86.4 million, in line with expectations. This decrease is attributed to the sale of the starter battery business in 2023 and a slow customer call-off recovery.
Despite lower revenue, EBITDA increased from EUR 8.1 million to EUR 8.5 million, raising the EBITDA ratio from 9.3% to 11.3%. Earnings after interest and taxes improved significantly, from EUR -5.6 million to EUR -1.0 million.
Management forecasts a moderate recovery in the automotive industry in the latter half of the year. The company's interim report as of June 30, 2024, is available for download on their website.
R. P.
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