Report
Hugo Lisboa ...
  • Martijn Den Drijver

hGears : Solid 1H21, slightly cautious 2021 guidance but investment case stands

>Solid 1H21 results, slightly cautious 2021 guidance - hGears 1H21 results were solid with beats on all key P&L metrics. Management reiterated the 2021 guidance for sales (high single digit) and EBITDA (stable EBITDA margin vs 2020) even though that implies relatively flat sales in 2H21 yoy with actually a slightly weaker EBITDA margin, which is surprising given the guided for higher proportion of E-mobility revenue. CEO Sartorello explained that there was an element ...
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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