Report
hGears : Material headwind causes adjustment to 2024 guidance
>Adjustment to 2024 guidance due to Automotive and E-bike headwind - In a press release issued last Friday after the close, hGears is adjusting its 2024 guidance due to a weakening of the Automotive part of the E-mobility business with continued destocking in E-bike also playing a major role. Only E-Tools appears to be stabilising but at a low level. As a result, the company is guiding for sales of €90m - €95m (previous guidance: €100m - €110m), adjusted EBITDA of neg...
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
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