Brief: Paragon comments on FY 2016 and 2017 outlook
03/12/2015 07:32
Dec 3 (Reuters) - Paragon AG PGNG.DE :
* Forecasts further revenue and EBIT growth for 2016
* Sees consolidated group revenue to grow by around 8 pct and cross 100 million euros
($105.9 million) mark for FY 2016
* FY 2016 earnings are expected to rise, with an EBIT margin of around 9 pct of revenue
* Says events surrounding VW are not expected to have any significant impact on Paragon in
future
* For 2017 expects a renewed jump in revenue by a further 15 pct to 20 pct
* Group currently has orders on hand of more than approx. 1 billion euros
* Current volume of orders received is 7.8 pct ahead of equivalent prior year's figure
Source text for Eikon: ID:nEQ35515a
Further company coverage: PGNG.DE
($1 = 0.9446 euros)
(Gdynia Newsroom)
((gdynia.newsroom@thomsonreuters.com; +48 58 698 3920;))