hGears AG · ISIN: DE000A3CMGN3 · EQS - Company News

Destocking and the automotive crisis result in a decline in sales and earnings - structural and cost-cutting measures take effect

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]-Mobility with sales declines Adjusted gross profit at EUR 33.7 million due to lack of volume and resulting inefficiencies, margin at half-year level of...

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07 November 2024 07:30AM
Destocking and the automotive crisis result in a decline in sales and earnings - structural and cost-cutting measures take effect
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
25 October 2024 06:30PM
hGears AG adjusts its Full Year 2024 guidance
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...
hGears AG
13 August 2024 07:30AM
Results in the first half of 2024 in line with expectations despite economic weakness and ongoing destocking
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
12 June 2024 06:00PM
Annual General Meeting approves all agenda items
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
12 June 2024 06:00PM
Annual General Meeting approves all agenda items
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
14 May 2024 09:35AM
Start to 2024 in line with expectations despite continued challenging environment
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
14 May 2024 07:30AM
Start to 2024 in line with expectations despite continued challenging environment
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
27 March 2024 07:30AM
Full Year 2023 performance impacted by industry-wide destocking; focus remains on driving operational flexibility across the business
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
06 February 2024 07:30AM
Preliminary 2023 free cash flow significantly better than Management’s guidance; adjusted EBITDA in line despite marginal revenues miss
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...
hGears AG
08 November 2023 07:30AM
Nine-month 2023 performance in line with expectations amid ongoing industry-wide destocking; focus remains on driving efficiencies
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...
hGears AG
09 August 2023 07:30AM
Inventory destocking in e-bikes continues to weigh on performance in H1 2023; Focused on positioning the business for future growth and scalability
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 ...
hGears AG
14 June 2023 06:00PM
Annual General Meeting approves all agenda items
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...
hGears AG
14 June 2023 06:00PM
hGears AG Group: Annual General Meeting approves all agenda items
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...
hGears AG
01 June 2023 06:30PM
hGears AG adjusts its Full Year 2023 guidance
Schramberg, 1 June 2023 - Based on the most recent order indications and expectations for the business development for the full year 2023, the Management Board of hGears AG has adjusted its full year 2023 guidance. As outlined in the first-quarter 2023 results, the business environment remains challenging with dampened consumer demand and ongoing ...
hGears AG
01 June 2023 06:30PM
hGears AG adjusts its Full Year 2023 guidance
Schramberg, 1 June 2023 - Based on the most recent order indications and expectations for the business development for the full year 2023, the Management Board of hGears AG has adjusted its full year 2023 guidance. As outlined in the first-quarter 2023 results, the business environment remains challenging with dampened consumer demand and ongoing ...
hGears AG
10 May 2023 07:30AM
hGears AG Group: First-quarter 2023 in line with guidance; full-year 2023 outlook confirmed
hGears AG Group: First-quarter 2023 in line with guidance; full-year 2023 outlook confirmed FIRST-QUARTER 2023 HIGHLIGHTS Group revenues at EUR 28.0 million, down 17.5% y-o-y Strong performance in Conventional, cushioning declines in other business areas Gross profit at EUR 15.2 million, down 18.9% y-o-y, with sequential recovery in gross margi...
hGears AG
10 May 2023 07:30AM
First-quarter 2023 in line with guidance; full-year 2023 outlook confirmed
hGears AG Group: First-quarter 2023 in line with guidance; full-year 2023 outlook confirmed FIRST-QUARTER 2023 HIGHLIGHTS Group revenues at EUR 28.0 million, down 17.5% y-o-y Strong performance in Conventional, cushioning declines in other business areas Gross profit at EUR 15.2 million, down 18.9% y-o-y, with sequential recovery in gross margi...
hGears AG
30 March 2023 07:30AM
hGears AG: e-Mobility expansion in 2022 despite difficult market environment; Full Year 2022 results in line with the Management Board’s guidance
hGears AG Group: e-Mobility expansion in 2022 despite difficult market environment; Full Year 2022 results in line with the Management Board’s guidance   FULL-YEAR 2022 HIGHLIGHTS Group revenues at EUR 135.3 million, up 0.3% y-o-y Gross profit at EUR 69.8 million, with gross margin at 51.6%, down 8.6% y-o-y Adjusted EBITDA at EUR 15.3 million ...
hGears AG
30 March 2023 07:30AM
e-Mobility expansion in 2022 despite difficult market environment; Full Year 2022 results in line with the Management Board’s guidance
hGears AG Group: e-Mobility expansion in 2022 despite difficult market environment; Full Year 2022 results in line with the Management Board’s guidance   FULL-YEAR 2022 HIGHLIGHTS Group revenues at EUR 135.3 million, up 0.3% y-o-y Gross profit at EUR 69.8 million, with gross margin at 51.6%, down 8.6% y-o-y Adjusted EBITDA at EUR 15.3 million ...
hGears AG
07 March 2023 07:30AM
hGears AG: Preliminary 2022 results in line with the Management Board’s guidance
hGears AG Group: Preliminary 2022 results in line with the Management Board’s guidance   FULL YEAR 2022 PRELIMINARY RESULTS Preliminary 2022 group revenues EUR 135.3 million Preliminary 2022 adjusted EBITDA EUR 15.3 million Preliminary 2022 negative free cash flow EUR 8.3 million     Schramberg, 7 March 2023 – hGears Group has today released...
hGears AG
07 March 2023 07:30AM
Preliminary 2022 results in line with the Management Board’s guidance
hGears AG Group: Preliminary 2022 results in line with the Management Board’s guidance   FULL YEAR 2022 PRELIMINARY RESULTS Preliminary 2022 group revenues EUR 135.3 million Preliminary 2022 adjusted EBITDA EUR 15.3 million Preliminary 2022 negative free cash flow EUR 8.3 million     Schramberg, 7 March 2023 – hGears Group has today released...
hGears AG
01 February 2023 07:30AM
hGears AG Group: Sven Arend to assume position of Chairman of the Management Board (CEO) today
hGears AG Group: Sven Arend to assume position of Chairman of the Management Board (CEO) today   Schramberg, 1 February 2023 – As previously announced, hGears’ newly appointed Chairman of the Management Board (CEO) Sven Arend will assume his position today after being appointed by the Supervisory Board on 28 December 2022 and replace Pierluca Sa...
hGears AG
01 February 2023 07:30AM
Sven Arend to assume position of Chairman of the Management Board (CEO) today
hGears AG Group: Sven Arend to assume position of Chairman of the Management Board (CEO) today   Schramberg, 1 February 2023 – As previously announced, hGears’ newly appointed Chairman of the Management Board (CEO) Sven Arend will assume his position today after being appointed by the Supervisory Board on 28 December 2022 and replace Pierluca Sa...
hGears AG
29 December 2022 08:00AM
Sven Arend appointed as Chairman of the Management Board (CEO)
hGears AG Group: Sven Arend appointed as Chairman of the Management Board (CEO)   Schramberg, 28 December 2022 – The Supervisory Board of hGears AG appointed today Mr. Sven Arend as a member of the Management Board and as the Chairman of the Management Board (CEO) of hGears AG with effect from 1 February 2023.   Sven Arend brings deep and rele...
hGears AG
29 December 2022 08:00AM
hGears AG: Sven Arend appointed as Chairman of the Management Board (CEO)
hGears AG Group: Sven Arend appointed as Chairman of the Management Board (CEO)   Schramberg, 28 December 2022 – The Supervisory Board of hGears AG appointed today Mr. Sven Arend as a member of the Management Board and as the Chairman of the Management Board (CEO) of hGears AG with effect from 1 February 2023.   Sven Arend brings deep and rele...
hGears AG
28 December 2022 06:59PM
hGears AG: Sven Arend appointed as Chairman of the Management Board (CEO)
Sven Arend appointed as Chairman of the Management Board (CEO) of hGears AG Schramberg, 28 December 2022 – The Supervisory Board of hGears AG [ISIN: DE000A3CMGN3] appointed today Mr. Sven Arend as a member of the Management Board and as the Chairman of the Management Board (CEO) of hGears AG with effect from 1 February 2023. 28-Dec-2022 CE...
hGears AG
28 December 2022 06:59PM
Sven Arend appointed as Chairman of the Management Board (CEO)
Sven Arend appointed as Chairman of the Management Board (CEO) of hGears AG Schramberg, 28 December 2022 – The Supervisory Board of hGears AG [ISIN: DE000A3CMGN3] appointed today Mr. Sven Arend as a member of the Management Board and as the Chairman of the Management Board (CEO) of hGears AG with effect from 1 February 2023. 28-Dec-2022 CE...
hGears AG
09 November 2022 07:30AM
9M 2022 driven by e-Mobility’s ongoing expansion and ramp-up, despite volatile business conditions; Full-year outlook and medium-term targets confirmed
hGears AG Group: 9M 2022 driven by e-Mobility’s ongoing expansion and ramp-up, despite volatile business conditions; Full-year outlook and medium-term targets confirmed   NINE-MONTHS 2022 HIGHLIGHTS Group 9M 2022 revenues up 1.3% yoy to EUR 103.6 million Gross profit of EUR 53.5 million, negatively impacted by ongoing input inflation, and refle...
hGears AG
09 November 2022 07:30AM
hGears AG: 9M 2022 driven by e-Mobility’s ongoing expansion and ramp-up, despite volatile business conditions; Full-year outlook and medium-term targets confirmed
hGears AG Group: 9M 2022 driven by e-Mobility’s ongoing expansion and ramp-up, despite volatile business conditions; Full-year outlook and medium-term targets confirmed   NINE-MONTHS 2022 HIGHLIGHTS Group 9M 2022 revenues up 1.3% yoy to EUR 103.6 million Gross profit of EUR 53.5 million, negatively impacted by ongoing input inflation, and refle...
hGears AG
04 October 2022 09:27PM
hGears AG adjusts its 2022 guidance
Schramberg, 4 October 2022 – hGears AG adjusts its 2022 guidance Based on the most recent information and expectations for the business development for the remainder of the year, the Management Board of hGears AG has adjusted its full-year 2022 guidance. The main reasons for the guidance adjustment are postponements and cancellations of demanded ...
hGears AG
04 October 2022 09:27PM
hGears AG adjusts its 2022 guidance
Schramberg, 4 October 2022 – hGears AG adjusts its 2022 guidance Based on the most recent information and expectations for the business development for the remainder of the year, the Management Board of hGears AG has adjusted its full-year 2022 guidance. The main reasons for the guidance adjustment are postponements and cancellations of demanded ...
hGears AG
03 August 2022 07:30AM
hGears AG Group: First-half 2022 performance in line with communicated trends, sequential improvements in Q2; Full-year outlook and medium-term targets confirmed
hGears AG Group: First-half 2022 performance in line with communicated trends, sequential improvements in Q2; Full-year outlook and medium-term targets confirmed   FIRST-HALF 2022 HIGHLIGHTS Group revenues for H1 2022 of EUR 70.9 million Gross profit of EUR 36.8 million, reflecting a gross profit margin of 52.0% (54.6% on a like-for-like[1] bas...
hGears AG
03 August 2022 07:30AM
First-half 2022 performance in line with communicated trends, sequential improvements in Q2; Full-year outlook and medium-term targets confirmed
hGears AG Group: First-half 2022 performance in line with communicated trends, sequential improvements in Q2; Full-year outlook and medium-term targets confirmed   FIRST-HALF 2022 HIGHLIGHTS Group revenues for H1 2022 of EUR 70.9 million Gross profit of EUR 36.8 million, reflecting a gross profit margin of 52.0% (54.6% on a like-for-like[1] bas...
hGears AG
23 June 2022 01:27PM
Annual General Meeting approves all agenda items
hGears AG Group: Annual General Meeting approves all agenda items HIGHLIGHTS OF THE ANUAL GENERAL MEETING 2022 - hGears successfully held its first Annual General Meeting following its IPO - 75.6 % of the share capital were represented at the meeting - All proposed resolutions approved - CEO Pierluca Sartorello looks back on financial year tha...
hGears AG
10 May 2022 07:30AM
hGears AG Group: First-quarter 2022 performance in line with expectations; New e-Mobility customer win in April; Full-year outlook and medium-term targets confirmed
hGears AG Group: First-quarter 2022 performance in line with expectations; New e-Mobility customer win in April; Full-year outlook and medium-term targets confirmed FIRST-QUARTER 2022 HIGHLIGHTS - Group revenues for Q1 2022 of EUR 34.0 million - Gross profit reached EUR 18.8 million, reflecting a gross profit margin of 55.3% (58.3% on a like-fo...
hGears AG
30 March 2022 07:30AM
hGears AG Group: Strong commercial performance in full-year 2021 paves path towards mid-term targets
hGears AG Group: Strong commercial performance in full-year 2021 paves path towards mid-term targets FULL-YEAR 2021 HIGHLIGHTS - Group revenues at EUR 134.9 million, up 6.9% y-o-y - Gross profit increased to EUR 76.4 million, with gross margin at 56.6% - At EUR 22.9 million, adjusted EBITDA increased 0.9%, with an adjusted EBITDA margin of 17....
hGears AG
22 December 2021 08:00AM
hGears AG Group announces successful signing of debt refinancing on improved terms and conditions
hGears AG Group announces successful signing of debt refinancing on improved terms and conditions Schramberg, 22 December 2021. hGears AG ("hGears" or "Company"), a global manufacturer of high-precision gears and components with a focus on products for e-mobility applications, today announces that it has entered into a new credit facilities agreeme...
hGears AG
11 November 2021 07:30AM
hGears AG Group continues its highly profitable growth path and reaffirms guidance
hGears AG Group continues its highly profitable growth path and reaffirms guidance   NINE MONTH 2021 HIGHLIGHTS Group revenues at EUR 102.3 million, up 14.1% y-o-y Gross margin up 240-bps to 58.1%, gross profit increased by 19.1% y-o-y to EUR 59.4 million Adjusted EBITDA up 34.3% y-o-y to EUR 18.4 million, with adjusted EBITDA margin up 270-bps...
hGears AG
02 August 2021 07:00AM
hGears Group continues its highly profitable growth path during the first six months of 2021
hGears Group continues its highly profitable growth path during the first six months of 2021 HALF YEAR 2021 HIGHLIGHTS   - Group revenues at EUR 70.5 million, up 22.2% y-o-y - Gross profit increased by 28.6% y-o-y to EUR 41.1 million, gross margin improved to 58.3% - At EUR 13.1 million, adjusted EBITDA increased by 61.5% with adjusted EBITDA ma...
hGears AG
18 June 2021 09:24PM
hGears AG: Post-Stabilisation disclosure - Partial exercise of the Greenshoe Option
hGears AG: Post-Stabilisation disclosure - Partial exercise of the Greenshoe Option NOT FOR DISTRIBUTION OR RELEASE, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES, CANADA, AUSTRALIA, JAPAN OR SOUTH AFRICA OR ANY OTHER JURISDICTION IN WHICH THE DISTRIBUTION OR RELEASE WOULD BE UNLAWFUL. OTHER RESTRICTIONS ARE APPLICABLE. PLEASE SEE THE IMPOR...
hGears AG
18 June 2021 09:21PM
hGears AG: Notification on the implementation of stabilisation measures
hGears AG: Notification on the implementation of stabilisation measures NOT FOR DISTRIBUTION OR RELEASE, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES, CANADA, AUSTRALIA, JAPAN OR SOUTH AFRICA OR ANY OTHER JURISDICTION IN WHICH THE DISTRIBUTION OR RELEASE WOULD BE UNLAWFUL. OTHER RESTRICTIONS ARE APPLICABLE. PLEASE SEE THE IMPORTANT NOTICE ...
hGears AG
16 June 2021 08:57PM
hGears AG: Notification on the implementation of stabilisation measures
hGears AG: Notification on the implementation of stabilisation measures NOT FOR DISTRIBUTION OR RELEASE, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES, CANADA, AUSTRALIA, JAPAN OR SOUTH AFRICA OR ANY OTHER JURISDICTION IN WHICH THE DISTRIBUTION OR RELEASE WOULD BE UNLAWFUL. OTHER RESTRICTIONS ARE APPLICABLE. PLEASE SEE THE IMPORTANT NOTICE ...
hGears AG
08 June 2021 06:21AM
hGears AG: Notification on the implementation of stabilisation measures
hGears AG: Notification on the implementation of stabilisation measures NOT FOR DISTRIBUTION OR RELEASE, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES, CANADA, AUSTRALIA, JAPAN OR SOUTH AFRICA OR ANY OTHER JURISDICTION IN WHICH THE DISTRIBUTION OR RELEASE WOULD BE UNLAWFUL. OTHER RESTRICTIONS ARE APPLICABLE. PLEASE SEE THE IMPORTANT NOTICE ...
hGears AG
28 May 2021 06:35PM
hGears AG: Release of voting rights notifications
NOT FOR DISTRIBUTION OR RELEASE, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES, CANADA, AUSTRALIA, JAPAN OR SOUTH AFRICA OR ANY OTHER JURISDICTION IN WHICH THE DISTRIBUTION OR RELEASE WOULD BE UNLAWFUL. OTHER RESTRICTIONS ARE APPLICABLE. PLEASE SEE THE IMPORTANT NOTICE AT THE END OF THE PRESS RELEASE.hGears AG: Release of voting rights notif...
hGears AG
26 May 2021 07:30AM
hGears AG Group quarterly statement for Q1 2021: strong double-digit growth during the first three months of 2021
hGears AG Group quarterly statement for Q1 2021: strong double-digit growth during the first three months of 2021   - Group revenues at EUR 36.6 million, up by 11.6% y-o-y - Gross profit increased by 15.5% y-o-y to EUR 21.6 million, gross margin improved to 59.0% - At EUR 7.3 million adjusted EBITDA up 34.4% y-o-y, adjusted EBITDA margin 19.8% ...
hGears AG
21 May 2021 10:22AM
hGears AG with successful stock market debut
NOT FOR DISTRIBUTION OR RELEASE, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES, CANADA, AUSTRALIA, JAPAN OR SOUTH AFRICA OR ANY OTHER JURISDICTION IN WHICH THE DISTRIBUTION OR RELEASE WOULD BE UNLAWFUL. OTHER RESTRICTIONS ARE APPLICABLE. PLEASE SEE THE IMPORTANT NOTICE AT THE END OF THE PRESS RELEASE.   hGears AG with successful stock market...
hGears AG
More hGears AG related information
Type Total Last Made by Go to
Corporate Research 0 - - Corporate Research
Directors Dealings 365 9th April 2024 Arend, Sven DD
Short Seller (DE) 0 - - SSR (DE)
Short Seller (UK) 0 - - SSR (UK)
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