Page 3 - Paragon ID

Editorial
ALL DIVISIONS SAW
DOUBLE-DIGIT GROWTH IN 2022/23
Paragon ID SA had another remarkable year of growth during 2022/23. The company recorded sales of €192M, representing an increase of 47% over the previous year, of which 44% was purely organic.
Revenues from Transport & Smart Cities increased by 44%, thanks to the large-scale return of passengers to public transport following the end of the pandemic, combined with price increases and the successful integration of EDM Technology in the USA.
The Track & Trace and Brand Protection division recorded a growth in sales of 44% in 2022/2023, thanks in particular to the sustained upward trajectory of air travel. In the Payment division, Paragon ID recorded a growth of 14% in 2022/23.
The eID division’s sales figures recorded a very sharp rise in the second half of the financial year with the first deliveries of polycarbonate products following the significant orders received at the end of the 2022 calendar year. Over the whole financial year, this division recorded a growth in revenues of 91%.
During the 2022/23 financial year, Paragon ID continued to invest in its human, technical and industrial resources to bolster its strategic initiatives, aimed at fulfilling the social, societal and environmental expectations of its stakeholders.
These strategic initiatives – digital public transport ticketing platforms, RTLS solutions in healthcare and industry, plus UHF tags for the IoT sector – have served to support our clients in their digital transformation. We enable them to improve efficiency, digitise their processes and offer an improved user experience, whilst simultaneously reducing their carbon footprint.
Achieving more than 100% growth in sales turnover in under two years is only possible with the dedication of a workforce comprising individuals with talent, training, resources and huge motivation, all committed to live the company values. Our commitment to ethical business, health, human rights, dialogue, empowerment and motivation of our employees lie at the forefront of Paragon ID’s CSR strategy and approach.
ENVIRONMENT AND ECO-DESIGN
Across all business divisions, Paragon ID strives to use environmentally-friendly materials and to develop sustai- nable industrial processes. Beyond the priorities of the Corporate & Social Responsibility (CSR) strategy, Paragon ID continuously works through its R&D activity, to develop innovative solutions which allow our clients to reduce the environmental impact of their business activities. Our strategic priorities commit the company to strive for sustai- nable and environmentally-responsible growth. Contactless technologies and digitisation represent a great opportunity to meet these challenges.
ECOVADIS AND GREENLY
Our primary industrial sites are continuing to make headway in gaining official recognition for the effort put into meeting sustainability objectives. This financial year (2022/2023), we kick-started our work with Greenly to assist us in mea- suring and, eventually, reducing our own carbon foot- print, alongside the work already being undertaken with rating agency “EcoVadis”.
“We are extremely proud of our results
for 2022/23 and even more so of the dedication
and commitment demonstrated by our employees without whom this simply wouldn’t have been possible. The dedication demonstrated by
our teams at Paragon ID in working towards
these goals is testament to their belief in our mission and in the importance of the values within.”
Clem GARVEY,
CEO
STRATEGIC INITIATIVES
IN LINE WITH STAKEHOLDER
NEEDS AND REQUIREMENTS
INNOVATIVE, RESPONSIBLE
AND FULLY-COMMITTED TEAMS
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