Report
hGears : Modest changes in estimates, Neutral reiterated
>Good first impression of the new CEO - The Q1 23 call was the first analyst and investor call for new CEO Arend and he did well. Concise, to the point and realistic answers. The picture that CEO Arend painted is one whereby hGears hopes to convert the orderbook in the second half the year to sales, especially in E-bike, which should then lead to better utilisation and thus better EBITDA. Helped further by higher prices in E-bike relative to other segments. We remain ...
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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