Brief: Paragon ID FY Net Loss Narrows To EUR 1.8 Million

Paragon Id SA

30/10/2019 07:28

Oct 30 (Reuters) - PARAGON ID SA  PID.PA :
    * 2018/19 ANNUAL RESULTS: DOUBLE-DIGIT GROWTH AND 9.5%
EBITDA
PROFITABILITY IN THE 2ND HALF
    * OVERALL GROWTH IN REVENUES OF +7%, OF WHICH 17% IN 2ND
HALF
    * FY EBITDA MARGIN IN THE YEAR OF 7.6%, OF WHICH 9.5% IN THE
2ND
HALF
    * IN 2018/19 FINANCIAL YEAR PARAGON ID'S CONSOLIDATED SALES
AMOUNTED TO EUR 108.0 MILLION, AN ANNUAL INCREASE OF +7% (+6% AT
CONSTANT EXCHANGE RATES)
    * FY NET LOSS EUR 1.8 MILLION VERSUS LOSS OF EUR 5.1 MILLION
YEAR
AGO
    * FY EBITDA EUR 8.3 MILLION VERSUS EUR 7.3 MILLION YEAR AGO
    * Q1 CONSOLIDATED SALES AMOUNTED TO € 26.8 MILLION, UP +7%
    * 2019/20 FINANCIAL YEAR, WHICH RECENTLY STARTED, WILL BUILD
ON
MOMENTUM OF 2(ND) HALF OF 2018/19
    * 2019/20 OBJECTIVES: CONTINUED SUSTAINED GROWTH AND FURTHER
IMPROVEMENT IN PROFITABILITY
    * PERFORMANCE OF Q1 PUTS THE COMPANY AHEAD OF ITS OPERATING
PLAN
FOR THE 2019/20 FINANCIAL YEAR
    * 2019/2020 OBJECTIVE OF DELIVERING SUSTAINED DOUBLE-DIGIT
GROWTH
IN REVENUE OVER FULL YEAR

Source text for Eikon:  ID:nACT60792 
Further company coverage:  PID.PA 

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