Paragon release Q3 Trading Update

Paragon has today released our Q3 Trading Update, which reflects a robust performance in the third quarter and demonstrates the resilience of our business model. The update details several financial highlights for the quarter, including:

• Sales rose by 1.4% to €286.3 million, on a constant currency basis
• Underlying EBITDA grew by 26.2% to €37.7 million, on a constant currency basis
• Underlying EBITDA margin (excluding postage) stood at 14.9%, nearly a full percentage point up from the previous quarter
• FX impact of €10.6 million, resulting in actual Group sales of €275.7 million

Paragon produced another successful set of financial results despite macroeconomic challenges. The Group ended the period with a strong balance sheet and liquidity levels to support Paragon’s next phase of growth, targeted at digital customer communications, growth in new territories and increased penetration of services across the customer base. 

Please click below to access the update.

Download our Q3 Trading Update