Paragon Id: 2021/2022 annual revenue higher than forecast

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Paragon identifier (Euronext Paris – FR0013318813 – PID)European leader in identification solutions, technologies used in the Mass Transit & Smart Cities, e-ID, Track & Trace and Payment markets, announces that the annual turnover for its 2021/2022 financial year will exceed the level previously targeted.

The company’s third quarter earnings announcement, dated April 27, 2022, stated: “Full-year revenue (expected) to exceed €120 million, despite continued challenges in supply chains and the uncertainty of the current economic environment “.

The recent resolution of strikes at Finnish paper mills, the easing of certain constraints in global supply chains and certain improvements in the availability of transport for products, have all contributed to ensuring that the Company’s strong business performance result in higher-than-expected sales in May and June.

Revenue for the last quarter of the fiscal year (ended June 30e), to be released on July 26eexceeded previous expectations.

As a reminder, consolidated revenue for the first nine months of the 2021/22 financial year amounted to €91.2 million, up 51% (+36% at constant exchange rates and scope) compared to 2020/21.

Financial Calendar 2022

Q4 2022/22 revenue 26e July 2022
Annual results 2021/22 25e October 2022

These dates are given as an indication and can be modified if necessary. The publications will take place before the opening of the Euronext markets.


About ParagonID
About Paragon ID Paragon ID is a leader in identification solutions, particularly in the areas of e-ID, Transport & Smart Cities, Traceability & Brand Protection and Payment. Paragon ID employs over 650 people, with manufacturing locations in the United States and Europe, close to its customers.
Paragon ID is listed on Euronext Paris and the majority of its shares are held by Paragon Group, a leading provider of customer communication, identification, graphics and desktop services. Paragon Group has a turnover of 1.5 billion euros and more than 9,000 employees. Paragon Group combines generations of experience with the latest innovations in technology and smart data to enable responsive and meaningful interactions between organizations and their customers. For more information about Paragon Group, visit Paragon-Europe.com.
Euronext Paris – Share identification: ID Paragon – ISIN code: FR0013318813 – Mnemonic code: PID.
For more information about Paragon ID, visit Paragon-id.com.

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