Brief: Paragon: German Regulator Notification On VoltaBox Could Affect Co

paragon GmbH & Co KgaA

23/12/2022 08:35

Dec 23 (Reuters) - Paragon GmbH & Co KGaA  PGNG.DE :
    * POSSIBLE CONSEQUENTIAL EFFECT OF NOTIFICATION BY BAFIN
REGARDING
FORMER INVESTMENT VOLTABOX AG
    * HAS LEARNED FROM A PUBLIC NOTIFICATION BY GERMAN FEDERAL
FINANCIAL SUPERVISORY AUTHORITY (BAFIN) THAT IT HAS IDENTIFIED
MISTAKES IN CONSOLIDATED FINANCIAL STATEMENTS OF VOLTABOX AG
    * ACCORDING TO BAFIN'S FINDINGS, EARNINGS FIGURES FOR 2019
FINANCIAL YEAR WERE REPORTED TOO LOW
    * SALES FIGURES IN FINANCIAL STATEMENTS FOR YEAR 2018 WERE
REPORTED TOO HIGH
    * PARAGON GMBH & CO. KGAA STILL HELD APPROXIMATELY 60% OF
SHARES
IN VOLTABOX AG IN 2019 FINANCIAL YEAR
    * ASSUMES A POSSIBLE CONSEQUENTIAL EFFECT FOR CONSOLIDATED
FINANCIAL STATEMENTS OF PARAGON
    * WOULD ONLY AFFECT 2019 FINANCIAL STATEMENTS

Source text for Eikon:  ID:nEQSJ5cXa 
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