March 13, 2018 / 7:11 AM / 9 months ago

BRIEF-Paragon FY EBITDA Up By 5.8 Percent At EUR 17 Mln

March 13 (Reuters) - PARAGON AG:

* PARAGON AG ACHIEVES THE FIGURES FORECAST FOR 2017 AND ANNOUNCES ANOTHER JUMP IN SALES IN 2018

* GROUP SALES UP 21.4 PERCENT IN 2017 TO EUR 124.8 MILLION (PRIOR YEAR: EUR 102.8 MILLION)

* 2018: FURTHER GROWTH IN REVENUE OF SOME 40 PERCENT TO AROUND EUR 175 MILLION - WITH EBIT MARGIN OF AROUND 9.0 PERCENT

* FY EBITDA ROSE BY 5.8 PERCENT TO EUR 17.0 MILLION (PRIOR YEAR: EUR 16.1 MILLION)

* FY NET LOSS OF EUR -0.7 MILLION IN YEAR UNDER REVIEW (PRIOR YEAR: EUR 3.6 MILLION) Source text for Eikon: Further company coverage: (Gdynia Newsroom)

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