Paragon AG announced earnings results for the fiscal year 2013. For the year, the company announced revenue grew by 4.9% to EUR 73.9 million compared to EUR 70.4 million in 2012. EBIT margin came to 10.6% compared to 11.0% in 2012.

For the year 2014, the company expects revenue to increase significantly by roughly 8%. The Managing Board is forecasting an EBIT margin of around 10 %.

For the year 2015, the company expects revenue could jump by up to 20% on the back of growing unit sales of battery packs.