Paragon ID has gained 5% after further raising its annual sales growth target for the 2022-23 financial year to +30%, compared with an initial target of +10%, which was raised to +20% at the end of October.

As a result, the specialist in identification solutions for the e-ID, transport and smart cities markets is forecasting sales of 170 million euros in 2022-23, compared with 130.8 million in the previous financial year.

For the first half of 2022-23, sales came to 89.9 million euros, up 59% (including +50% on a like-for-like basis), positioning the company ahead of its annual business plan.

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