paragon Automotive continued to steadily pursue its strategy of reducing net debt. As a result, the total of bond liabilities and liabilities to banks has been reduced by € 11.6 million to € 116.3 million since December 2019. At the beginning of August - after the reporting date of the half-year financial report - the early repayment of the Swiss bond started with a first tranche of CHF 5.25 million, thanks to the continued high internal financing capability. For the bond redemption due in 2022, the company is pursuing targeted measures with full consideration of the interests of paragon's shareholders.