Brief: Paragon Id H1 2022/23 EBITDA Up At EUR 6.6 Mln

Paragon Id SA

29/03/2023 06:41

March 29 (Reuters) - Paragon Id SA  PID.PA :
    * EBITDA UP +68% FOR 1ST HALF OF FINANCIAL YEAR AND EBITDA
MARGIN
REACHING 7.3%
    * CONFIRMATION OF 2022/23 REVENUE TARGET: MORE THAN EUR170M,
REPRESENTING 30% ANNUAL GROWTH
    * FY NET DEBT (EXCLUDING NON-RECOURSE FACTORING) STANDING AT
EUR71.5M, OF WHICH EUR32.2M OWED TO PARAGON GROUP
    * OUTLOOK 2023: ONGOING INCREASES IN INTEREST RATES ACROSS
WORLD
ARE DRIVING COSTS OF THIS INDEBTEDNESS TO LEVELS WHICH WILL
CHALLENGE COMPANY'S CAPACITY TO DELIVER A POSITIVE NET INCOME
RESULT.
    * RECORD HALF-YEAR TURNOVER 2022/23 OF EUR 89.9 MILLION,
REPRESENTING +59% GROWTH IN REVENUES
    * H1 NET LOSS EUR 0.1 MILLION VERSUS LOSS EUR 2.5 MILLION
YEAR AGO
    * H1 2022/23 EBITDA EUR6.6M, UP +68% COMPARED TO H1 2021/22

Source text for Eikon:  ID:nACT79094 
Further company coverage:  PID.PA 

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