Report
Hugo Lisboa ...
  • Martijn Den Drijver

hGears : Preview 4Q21: Difficult comps, opex investments impact EBITDA

>Difficult comps as… - hGears will report 4Q21 results on March 30. An investor and analyst call is scheduled for 10h CET (for details, please see the next page). For 4Q21 we forecast sales of €31.5m (consensus at €32.2m), implying a decline in sales of 12% vs 4Q20 but 9% sequential growth. We pencil in an adjusted EBITDA of €4.8m or a margin of 15.4% (consensus at €3.7m or a margin of 11.5%), which is significantly lower than the 25.0% margin generated in 4Q20. For t...
Underlying
HGEARS AG

Provider
Oddo BHF
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.

Analysts
Hugo Lisboa

Martijn Den Drijver

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