Report
hGears : Cautious 2024 guidance and lowered mid-term guidance understandable
>Full 2023 results reveal lower gross profit margin but good opex management - hGears, which had already published the key elements of its 2023 results on February 6 (sales a tad weaker than guidance, adj. EBITDA in line, FCF much better than expected), has now published full results. The details of the results are of less interest although we note that the 2023 gross profit margin was 49.8% versus our expectation of 51.0% implying a weak Q4 gross margin offset by sol...
Underlying
HGEARS AG
Provider
Oddo BHF
Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.
Martijn Den Drijver
Other Reports on these Companies
Other Reports from Oddo BHF
Unfortunately, this report is not available for the investor type or country you selected.
Browse all ResearchPool reportsReport is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.