hGears AG Group: Destocking and the automotive crisis result in a decline in sales and earnings - structural and cost-cutting measures take effect FIRST-HALF 2024 HIGHLIGHTS Group sales of EUR 72.6 million 13.6 % lower than in the previous year Sales of e-Tools down, but further stabilisation in sequential quarterly comparison; e-Bike and [e]-Mo [ … ]

hGears AG Group: Results in the first half of 2024 in line with expectations despite economic weakness and ongoing destocking FIRST-HALF 2024 HIGHLIGHTS Group revenues of EUR 50.5 million 11.7% lower than in the previous year Development in [e]-Mobility relatively constant, stabilization in e-Tools quarter-on-quarter, e-Bike continues to suffer  [ … ]

hGears AG Group: Annual General Meeting approves all agenda items HIGHLIGHTS OF THE ANUAL GENERAL MEETING 2024 hGears held its third Annual General Meeting as a listed company 70.04 % of the share capital were represented at the 2024 AGM All proposed resolutions have been approved CEO Sven Arend looked back on a financial year that was once ag [ … ]

hGears AG Group: Annual General Meeting approves all agenda items HIGHLIGHTS OF THE ANUAL GENERAL MEETING 2024 hGears held its third Annual General Meeting as a listed company 70.04 % of the share capital were represented at the 2024 AGM All proposed resolutions have been approved CEO Sven Arend looked back on a financial year that was once ag [ … ]

hGears AG Group: Start to 2024 in line with expectations despite continued challenging environment FIRST-QUARTER 2024 HIGHLIGHTS Group sales of EUR 26.0 million 7.3 % lower than in the previous year The positive development of e-Bike and [e]-Mobility only partially compensated for the downward trend in e-tools Gross profit fell to EUR 11.6 mill [ … ]

hGears AG Group: Start to 2024 in line with expectations despite continued challenging environment FIRST-QUARTER 2024 HIGHLIGHTS Group sales of EUR 26.0 million 7.3 % lower than in the previous year The positive development of e-Bike and [e]-Mobility only partially compensated for the downward trend in e-tools Gross profit fell to EUR 11.6 mill [ … ]

hGears AG Group: Full Year 2023 performance impacted by industry-wide destocking; focus remains on driving operational flexibility across the business FULL YEAR 2023 HIGHLIGHTS Group revenues at EUR 112.5 million, down 16.9 % y-o-y Gross profit at EUR 56.0 million, down 19.8 % y-o-y, gross margin at 49.8 % versus 51.6 % in FY 2022 Adjusted EBI [ … ]

hGears AG Group: Preliminary 2023 free cash flow significantly better than Management’s guidance; adjusted EBITDA in line despite marginal revenues miss     FULL YEAR 2023 PRELIMINARY RESULTS Preliminary 2023 Group revenues EUR 112.5 million Preliminary 2023 adjusted EBITDA EUR 5.6 million Preliminary 2023 negative free cash flow EUR 3.1 mill [ … ]