on 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.
Copyright © 2024 FinanzWire, all reproduction and representation rights reserved.
Disclaimer: although drawn from the best sources, the information and analyzes disseminated by FinanzWire are provided for informational purposes only and in no way constitute an incentive to take a position on the financial markets.
Click here to consult the press release on which this article is based
See all Paragon AG news