January 29, 2018 / 6:34 AM / 3 months ago

BRIEF-Paragon Group Sales Up At About EUR 124 Mln In 2017

Jan 29 (Reuters) - Paragon AG:

* DGAP-NEWS: PARAGON AG EXPECTING A MORE THAN 40 PERCENT INCREASE IN REVENUE TO AROUND EUR 175 MILLION FOR 2018

* GROUP SALES INCREASE BY AROUND 20 PERCENT TO APPROXIMATELY EUR 124 MILLION IN 2017 (PRIOR YEAR: EUR 102.8 MILLION)

* ADJUSTED EBIT MARGIN FOR 2017 EXPECTED WITHIN TARGET RANGE OF 9.0 TO 9.5 PERCENT

* EBIT MARGIN EXPECTED TO BE AROUND 9 PERCENT IN 2018 Source text for Eikon: Further company coverage: (Gdynia Newsroom)

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