Brief: Paragon Q3 EBIT Loss Widens To EUR 6.5 Million

paragon GmbH & Co KgaA

30/10/2020 06:12

Oct 30 (Reuters) - PARAGON GMBH & CO KGAA  PGNG.DE :
    * ACHIEVES STRONGEST QUARTER FOR AUTOMOTIVE IN COMPANY'S
HISTORY
    * 2020 FORECAST REAFFIRMED: AUTOMOTIVE BUSINESS REVENUES AND
EARNINGS FOR YEAR AS A WHOLE EXPECTED TO REACH UPPER END OF
FORECAST RANGE; POTENTIAL FOR FURTHER REVENUE GROWTH
    * Q3 REVENUES CLEARLY UP MORE THAN 9% RELATIVE TO SAME
QUARTER OF
PRIOR
    * FURTHER EARNINGS EFFECTS ANTICIPATED IN Q4 FOLLOWING Q3
EBITDA
MARGIN OF 12.2%
    * Q3 EBIT DECREASED TO EUR -6.5 MILLION (PRIOR YEAR: EUR
-2.7
MILLION)
    * GROSS PROFIT FOR FIRST HALF OF YEAR WAS EUR 42.9 MILLION
(PRIOR
YEAR: EUR 52.1 MILLION)

Source text for Eikon:  ID:nEQ47tj5Xa 
Further company coverage:  PGNG.DE 

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