Report
hGears : Preview 3Q22: A weak quarter ahead
>3Q22 adjusted EBITDA margin assumed to be near the trough - hGears will provide a 3Q22 trading update on the 9th of November with an analyst call scheduled for 10.00h CET. We forecast sales of €33.5m (up 5.3% vs 3Q21 but down sequentially by 9.8%) and a gross profit margin of 50.5%, which is well down from the 57.6% reported in 3Q21, which his due to the cost inflation that hGears cannot pass on to customers as the sale mix has more or less remained stable. We assume...
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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