Germany · Delayed Price · Currency is EUR hGears AG Earnings Call Transcripts
Fiscal Year 2026
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Q1 2026 results met expectations amid a tough market, with sales down but cost measures supporting profitability. Liquidity and cash preservation remain top priorities, and full-year guidance is confirmed, with e-Mobility showing resilience and e-Bike still impacted by destocking.
Fiscal Year 2025
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Profitability improved in 2025 despite a 4% revenue decline, driven by cost reductions and efficiency gains. Guidance for 2026 is cautious, reflecting ongoing market uncertainty, with revenues expected at EUR 80–90 million and adjusted EBITDA between EUR -3 million and EUR 0.
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Profitability improved despite lower sales, driven by cost savings and production shifts. Guidance for 2025 was raised, with revenues expected at the upper end and EBITDA and free cash flow improved. eBike destocking nears completion, while e-mobility and eTools show resilience.
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Solid H1 2025 results were achieved through cost discipline and production brought forward, with e-Tools growth offsetting declines in e-Bike and e-Mobility. Guidance for 2025 is reaffirmed, but market headwinds and trade risks persist.
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Q1 2025 saw revenue decline 3.5% year-over-year, but EBITDA and gross margin improved due to cost controls. E-bike sales remained weak, e-mobility was resilient, and e-Tools grew strongly. 2025 is expected to be the trough year, with recovery anticipated in the medium term.
Fiscal Year 2024
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2024 saw a 14.9% revenue decline, with e-Bike and e-mobility segments under pressure, but cost-saving measures stabilized profitability. 2025 guidance anticipates further contraction, with no steep recovery expected amid ongoing market and geopolitical challenges.
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Sales declined across all segments in the first nine months of 2024, with e-Bike and e-Mobility most affected by ongoing destocking and industry crises. Cost-saving measures and a strong balance sheet support resilience, but no short-term recovery is expected.
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First half 2024 results showed stable e-mobility sales, declines in e-tools and e-bike segments, and continued cost discipline amid challenging markets. Guidance for 2024 and midterm targets were confirmed, with a strong balance sheet and liquidity position maintained.