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DE000A3CMGN3
Tue, 13.08.2024
hGears AG
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 [ … ]
Wed, 12.06.2024
hGears 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 [ … ]
Wed, 12.06.2024
hGears 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 [ … ]
Tue, 14.05.2024
hGears 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 [ … ]
Tue, 14.05.2024
hGears 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 [ … ]
Wed, 27.03.2024
hGears AG
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 [ … ]
Tue, 06.02.2024
hGears AG
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 [ … ]
Wed, 08.11.2023
hGears AG
hGears AG Group: Nine-month 2023 performance in line with expectations amid ongoing industry-wide destocking; focus remains on driving efficiencies
NINE-MONTHS 2023 HIGHLIGHTS
Group revenues at EUR 84.1 million, down 18.8% y-o-y
Ongoing supply and demand imbalances persisted in the e-bike market
Destocking and weaker end-market in e-Tools con [ … ]
Wed, 09.08.2023
hGears AG
hGears AG Group: Inventory destocking in e-bikes continues to weigh on performance in H1 2023; Focused on positioning the business for future growth and scalability
FIRST-HALF 2023 HIGHLIGHTS
Group revenues at EUR 57.2 million, down 19.4 % y-o-y
Continued strong performance in Conventional, unable to compensate for shortfalls in other business [ … ]
Wed, 14.06.2023
hGears AG
hGears AG Group: Annual General Meeting approves all agenda items
HIGHLIGHTS OF THE ANUAL GENERAL MEETING 2023
hGears held its second Annual General Meeting as a listed company
72.45 percent of the share capital were represented at the 2023 AGM
All proposed resolutions have been approved
CEO Sven Arend looks back on a solid financial year in c [ … ]