Brief: Paragon Raises Forecast For 2021

paragon GmbH & Co KgaA

30/03/2021 06:13

March 30 (Reuters) - PARAGON GMBH & CO KGAA  PGNG.DE :
    * PARAGON EXCEEDS REVENUE FORECAST FOR 2020 AND WANTS TO
SURPASS
PRE-PANDEMIC LEVELS IN THE CURRENT YEAR
    * FORECAST FOR 2021 RAISED AFTER A GOOD START TO YEAR:
REVENUES
FROM AUTOMOTIVE CUSTOMERS AROUND EUR 145 MILLION AND EBITDA
MARGIN OF 12-15% - FREE CASH FLOW IN DOUBLE-DIGIT MILLIONS
EXPECTED
    * FY DECLINE IN REVENUES OF ONLY 6% TO EUR 127.2 MILLION
(PRIOR
YEAR: EUR 135.9 MILLION)
    * PARAGON AUTOMOTIVE PRELIMINARY EBITDA MARGIN FOR 2020
FISCAL
YEAR OF 10.8% (PRIOR YEAR: 6.7%)

Source text for Eikon:  ID:nEQ5qHtlka 
Further company coverage:  PGNG.DE 

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