Brief: Paragon Expects For FY To Reach Upper End Of Forecast Ranges For Revenues And Earnings For Its Automotive Segment
21/10/2020 09:17
Oct 21 (Reuters) - PARAGON GMBH & CO KGAA PGNG.DE :
* EXPECTS FOR FY TO REACH UPPER END OF RESPECTIVE FORECAST
RANGES
FOR REVENUES AND EARNINGS FOR ITS AUTOMOTIVE SEGMENT
* EXPECTS FOR FY REVENUE OF ROUGHLY EUR 120 MILLION AND AN
EBITDA
MARGIN OF 12%, AND EXPECTS REVENUE TO INCREASE AS MUCH AS EUR
125 MILLION FOR AUTOMOTIVE SEGMENT
* Q3 REVENUES IN CORE AUTOMOTIVE BUSINESS HAS INCREASED BY
10% TO
EUR 33.8 MILLION
* ANTICIPATES THAT SALE NEGOTIATIONS FOR VOLTABOX WILL BE
CONCLUDED BEFORE END OF YEAR
* PARAGON AUTOMATIVE 9-MONTH EBITDA MARGIN AT 9.0%, ON PAR
WITH
PREVIOUS YEAR'S LEVEL DESPITE CORONAVIRUS-RELATED PLANT CLOSURES
Source text for Eikon: ID:nEQMs7VRa
Further company coverage: PGNG.DE
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