Report
Martijn Den Drijver

hGears : Preview Q2 and H1 2024 results: still a very tough market

>Q2 Adj. EBITDA margin hardly changed, FCF H1 2024 modestly negative - hGears will release its Q2 and H1 2024 results on August 13. An analyst and investor call is planned for that morning (usually at 10h CET). We forecast sales of €26.1m, which is a decline of 11% yoy but sequentially flat (€26.0m). With a slight improvement in mix (higher E-bike) we assume a modest improvement in gross profit margin sequentially (45.2% vs 44.6% in Q1) but that is still down from 49....
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
Martijn Den Drijver

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