Report
hGears : Profit warning for 2022, as feared. Price target to € 12
>2022 guidance adjusted materially, to below consensus - Yesterday evening, well after the close, hGears released a press release in which it adjusts guidance for 2022. The company has experienced postponement and cancellations across different business areas which leads to a new guidance of sales of € 134-138m versus previously guidance of high single digit growth implying sales of € 144-145m. The lower sales level combined with cost inflation (in tools, outsourced m...
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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