The 2021 accounts confirm the growth course – Martin Esser appointed to the Management Board as CFO


DGAP-News: paragon GmbH & Co. KGaA / Tag(s): Annual Report

The 2021 accounts confirm the growth course – Martin Esser appointed to the Management Board as CFO

29.04.2022 / 17:18
The issuer is solely responsible for the content of this announcement.

The 2021 accounts confirm the growth course – Martin Esser appointed to the Management Board as CFO

– Group sales up 15.5% in 2021 to €146.9 million (2020: €127.2 million) – 2021 sales forecast achieved despite temporary supply chain issues at car manufacturers

– EBITDA margin at 13.6% (prior year: 10.8%) within the target range for 2021

– Particle sensors, display instruments and digital assistance systems for commercial drivers

– Further debt reduction thanks to the partial redemption of the CHF bond in April 2022

– Reaffirmed annual forecasts: 2022 revenue between 155 and 165 million euros expected with an EBITDA margin > 15%

Delbrück, April 29, 2022 – paragon GmbH & Co. KGaA [ISIN DE0005558696] continued its impressive growth in the difficult environment of the automotive industry in 2021 and at the beginning of April appointed the former chief financial officer, Dr. Martin Esser, to the board of directors as chief financial officer. According to the financial statements presented today, paragon has fully achieved its revenue and profit objectives for 2021. This solid result is based on forward-looking management and an innovative product portfolio. Despite a very difficult environment that included the pandemic, the semiconductor crisis and temporary supply chain issues for automakers, paragon has thus experienced profitable growth. Sales increased by 15.5% to EUR 146.9 million (previous year: EUR 127.2 million). The EBITDA margin increased to a healthy 13.6% in 2021 (previous year: 10.8%).

Klaus Dieter Frers, founder and CEO of the general partner of paragon GmbH & Co. KGaA, says: “I am satisfied with the high figures. 2021 has been a revolutionary year for us. By consistently focusing on promising product innovations, paragon has significantly outperformed the market.” Sales were driven by the Interior and Digital Assistance business units as well as continued high demand for customer quality management solutions. air from the Sensor Technology unit.

Dr. Martin Esser, who was appointed to the board of directors in the newly created position of Chief Financial Officer (CFO) on April 1, has played a key role in the continued development of paragon. For more than two years, the economist has been in charge of Finance, Purchasing, IT and HR at paragon. “Dr. Esser has carried out his duties over the past difficult years with great assurance and care for the benefit of paragon. I look forward to continuing to work closely with him,” said Klaus Dieter Frers. Prior to joining paragon, Dr. Esser was chief financial officer and general manager of an automotive supplier for over nine years. Previously, he worked as an auditor and tax consultant in a renowned audit firm.

The company’s orders for the 2022 financial year are already looking good: management expects revenue of between 155 and 165 million euros, which keeps Paragon on its organic growth trajectory. As a further sign of growth, preliminary figures for the first quarter of 2022 show sales up around 5%, despite the many challenges. The company will present its full quarterly figures on May 16, 2022. A further improvement in the EBITDA margin of more than 15% is targeted for the full year. At the same time, paragon continues to steadily reduce its debt. For example, the CHF bond was redeemed early in April 2022 for an additional CHF 8.75 million. The amount remaining due after this redemption is CHF 21 million.

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 future-oriented solutions in the field of automotive electronics, kinematics body and e-mobility . As a market-leading direct supplier to the automotive industry, the company’s portfolio includes innovative operating sector air quality management Electronics, 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 the growing automotive market for battery systems, paragon now acts independently with the Business Unit Power after the sale by Voltabox.

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

Additional information about paragon is available at

Capital market and press contact

paragon GmbH & Co. KGaA

Mirko Wollrab
M: +49 172 830 3600
mailto: [email protected]
Corecoms Consulting GmbH & Co. KG
Goethestrasse 29
60313 Frankfurt am Main

29.04.2022 Broadcast of a Corporate News, transmitted by the DGAP – a service of EQS Group AG.
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