hGears : Five customer E-bike customer wins (five) support 2022-2025 growth assumptions
>E-bike: new and substantial customer wins - Although the 3Q21 sales showed no growth overall, E-mobility sales grew by 6% YoY, which explains the improvement in the gross margin from 55.9% in 3Q21 to 57.6% in 3Q21. Opex investments in sales and engineering capacity, to capture the available growth opportunities and support the growing project pipeline, resulted in modest EBITDA. However, the financial performance in the 3rd quarter is overshadowed by the positive ne...
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