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paragon GmbH & Co KGaA (PGN) investor relations material

paragon GmbH & Co KGaA Q3 2025 earnings summary

Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.
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Q3 2025 earnings summary18 Nov, 2025

Executive summary

  • Revenue for the first nine months of 2025 declined by 21.5% year-over-year to €83.4 million, mainly due to the sale of the starter battery business and lower demand in key segments.

  • Efficiency programs and strict cost management kept Group EBITDA stable at €12.5m (vs. €12.9m prior year), with EBITDA margin rising to 15.0% from 12.1% in 9M 2024.

  • Group EBIT improved to €4.8m (5.7% margin) from €3.9m (3.7%) in 9M 2024.

  • Net loss narrowed to €-0.4 million from €-1.0 million in the prior year; earnings per share improved to €-0.08 from €-0.22.

  • Full-year 2025 group revenue guidance is €117–122 million, with automotive segment EBITDA forecast at €19 million.

Financial highlights

  • Q3 2025 revenue fell 9.4% year-over-year to €28.0 million, but rose 5.5% sequentially from Q2 2025.

  • YTD Q3 2025 revenue was €83.4m, down from €106.3m in YTD Q3 2024, mainly due to the sale of the starter battery business and lower OEM call-offs.

  • Q3 2025 EBITDA was €4.1 million, down 6.2% year-over-year; Q3 EBIT was €1.4 million, down 20.2%.

  • Net income for YTD Q3 2025 was €0.16m, a turnaround from a €1.0m loss in YTD Q3 2024.

  • Material and personnel cost ratios improved, supporting profitability despite lower sales.

Outlook and guidance

  • Full-year 2025 group revenue expected at €117–122 million, with EBITDA around €19 million.

  • Automotive sector revenue confirmed at €115–120m, with EBITDA expected at €19m.

  • Consumer Products sector revenue now expected up to €2m, with ramp-up delayed to 2026 due to supply chain and partner setup delays.

  • Ongoing monitoring of potential supply bottlenecks at OEMs.

  • Management notes ongoing cost savings and efficiency improvements, with a positive trend in Porsche and Chinese customer business.

What drives the bond restructuring decision
Impact of conservative Consumer Products strategy
Explain operating cash flow decline drivers
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