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hGears AG

hGears AG

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EQS Newswire is a major provider of regulatory and corporate news. It mainly serves companies, investors and media worldwide. Through its services, EQS Newswire enables efficient and secure communication between companies and their stakeholders. Its main services include the distribution of ad hoc announcements, corporate news and the publication of financial reports that meet strict international standards.

Tue, 08.04.2025

hGears AG Group: Change in the Supervisory Board Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No. 596/2014 Schramberg, 8 April 2025 – Prof. Dr. Volker Stauch, Chairman of the Supervisory Board of hGears AG, has today informed the Board that he will resign from his position as Chairman of the Supervisory Board ...

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Wed, 26.03.2025

hGears AG Group: Economic weakness and destocking again impact revenues and earnings – already initiated countermeasures are proving successful HIGHLIGHTS FOR THE FULL YEAR 2024 Group revenues of EUR 95.7 million 14.9 % lower than in the previous year Annual revenues of e-Tools only marginally lower thanks to stabilization in 2H24, [e]‑Mobili...

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Thu, 07.11.2024

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...

Research & Analysis

Fri, 25.10.2024

hGears AG adjusts its Full Year 2024 guidance Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No. 596/2014 Schramberg, 25 October 2024 - Based on the most recent order indications and expectations for the business development, the Management Board of hGears AG has adjusted its full year 2024 guidance. The curren...

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Tue, 13.08.2024

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 ...

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Wed, 12.06.2024

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...

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Wed, 12.06.2024

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Tue, 14.05.2024

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...

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Tue, 14.05.2024

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Wed, 27.03.2024

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...

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