Audited consolidated financial statements for 2023 confirm communicated
forecast

EQS-News: paragon GmbH & Co. KGaA / Key word(s): Annual Report
Audited consolidated financial statements for 2023 confirm communicated
forecast

25.04.2024 / 08:00 CET/CEST
The issuer is solely responsible for the content of this announcement.

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Audited consolidated financial statements for 2023 confirm communicated
forecast

  * Sales revenue in 2023 stable year-on-year at EUR 161.6 million despite
    restrained customer call-off behavior, especially in the second half of
    the year - Weak sales of electric vehicles without influence

* EBITDA for 2023 at Group level amounts to EUR25.2 million

  * Significant improvement in earnings also due to consistent cost-cutting
    measures in conjunction with price adjustments

  * CHF bond repaid in full in 2023, framework nominal value of the EUR bond
    reduced to EUR 45.2 million - Stock exchange buyback program for the EUR
    bond launched

* Net debt significantly reduced - net gearing ratio at 2.28

  * Forecast for 2024: EUR 160 to 165 million in sales with EBITDA of EUR 18
    to 20 million

Delbrück, April 25, 2024 - paragon GmbH & Co. KGaA (ISIN DE0005558696) today
published its annual report for 2023. The audited consolidated financial
statements confirm the previously communicated forecast for revenue and
profitability for 2023.

In 2023, paragon generated revenue of EUR 161.6 million (previous year: EUR
160.7 million). The weak sales of electric vehicles did not play a role
here, as paragon's products are completely independent of the drive type.
EBITDA in the continuing operations amounted to EUR 17.7 million (previous
year: EUR 10.2 million) and EUR 7.6 million in the discontinued Digital
Assistance division, resulting in EBITDA at Group level of EUR 25.2 million.
Both figures are therefore within the corridor already communicated in the
second half of 2023.

The paragon Group's debt was reduced to an appropriate level in 2023. The
CHF bond issued in 2019 was repaid in full in 2023. The EUR bond was reduced
to EUR 45.2 million. As a result, the sum of bank liabilities and bond
liabilities (less cash and cash equivalents) was reduced by EUR 29.6 million
to EUR 57.7 million in 2023 alone. As a result, the net gearing ratio fell
to 2.28 at the end of 2023. As a result, the interest rate on the EUR bond
will fall to 7.5% in 2024.

'The publication of the audited consolidated financial statements marks the
end of an eventful and successful 2023. We have been able to increase our
profitability through consistent measures - especially at the Landsberg am
Lech plant. Design-to-cost measures will take effect in the current year. We
are particularly proud of the large number of paid proof-of-concept orders
for some of our new developments. Our further internationalization is
progressing; corresponding initiatives in China, the USA, India and South
Korea have been prepared. At the same time, we have been working on the
concept for expanding our global network of plants,' said Klaus Dieter
Frers, founder and CEO of the general partner of paragon GmbH & Co. KGaA.
'We will publish the figures for the first quarter of 2024 in just two weeks
on May 7, 2024. I am particularly looking forward to the exchange with our
shareholders at the 2024 Annual General Meeting, which we will of course
hold again in person on June 12, 2024 in the Delbrücker Stadthalle.'

About paragon GmbH & Co. KGaA

Listed on the Regulated Market (Prime Standard) of Deutsche Börse AG in
Frankfurt a.M., paragon GmbH & Co. KGaA (ISIN DE0005558696) develops,
produces and distributes pioneering solutions in the fields of automotive
electronics, body kinematics and electromobility. The portfolio of the
market-leading direct supplier to the automotive industry includes
innovative air quality management, modern display systems and connectivity
solutions, as well as high-end acoustic systems in the electronics segment.
In the mechanics segment, paragon develops and produces active mobile
aerodynamic systems. In the fast-growing automotive market for battery
systems, paragon's Power business unit supplies battery management systems
and traction batteries.

In addition to its headquarters in Delbrück (North Rhine-Westphalia),
paragon GmbH & Co. KGaA and its subsidiaries have sites in Suhl (Thuringia),
Landsberg am Lech and Nuremberg (Bavaria), St. Georgen (Baden-Württemberg)
and Limbach (Saarland) as well as in Kunshan (China), Dover (USA), Bengaluru
(India) and Oroslavje (Croatia).

For more information on paragon, visit www.paragon.ag.

Capital Market & Press Contact

paragon GmbH & Co. KGaA

Dr. Martin Esser

Bösendamm 11

33129 Delbrück, Germany

Phone: +49 (0) 52 50 - 97 62-200

Fax: +49 (0) 52 50 - 97 62-102

Email: investor@paragon.ag


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25.04.2024 CET/CEST Dissemination of a Corporate News, transmitted by EQS
News - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

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   Language:       English
   Company:        paragon GmbH & Co. KGaA
                   Bösendamm 11
                   33129 Delbrück
                   Germany
   Phone:          +49 (0)5250 9762 - 0
   Fax:            +49 (0)5250 9762 - 102
   E-mail:         investor@paragon.ag
   Internet:       www.paragon.ag
   ISIN:           DE0005558696, DE000A2GSB86,
   WKN:            555869, A2GSB8,
   Listed:         Regulated Market in Frankfurt (Prime Standard);
                   Regulated Unofficial Market in Berlin, Dusseldorf,
                   Hamburg, Munich, Stuttgart, Tradegate Exchange
   EQS News ID:    1888639

End of News EQS News Service
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1888639 25.04.2024 CET/CEST