paragon AG provided earnings guidance for the year 2016. For the year, the company's consolidated group revenue is set to grow by a further total of around 8% compared with 2015 and cross the EUR 100 million mark. Earnings are also expected to rise, with an EBIT margin of around 9% of revenue.

The 2016 forecast includes initial revenues from the major order placed in the course of the year for li-ion starter batteries serial production at paragon's Voltabox Deutschland subsidiary is due to start in mid-2016.