EQS-News: hGears AG / Key word(s): Annual Report hGears AG Group: Economic weakness and destocking again impact revenues and earnings – already initiated countermeasures are proving successful. 26.03.2025 / 07:30 CET/CEST The issuer is solely responsible for the content of this announcement. hGears AG Group: Economic weakness and destocking again impact revenues and earnings – already initiated countermeasures are proving successful HIGHLIGHTS FOR THE FULL YEAR 2024 Group revenues of EUR 95.7 million 14.9 % lower than in the previous year Annual revenues of e-Tools ...
EQS-News: hGears AG / Schlagwort(e): Jahresbericht hGears AG Konzern: Konjunkturschwäche und Lagerabbau belasten erneut Umsatz und Ertrag – bereits eingeleitete Gegenmaßnahmen zeigen Erfolge 26.03.2025 / 07:30 CET/CEST Für den Inhalt der Mitteilung ist der Emittent / Herausgeber verantwortlich. hGears AG Konzern: Konjunkturschwäche und Lagerabbau belasten erneut Umsatz und Ertrag – bereits eingeleitete Gegenmaßnahmen zeigen Erfolge HIGHLIGHTS FÜR DAS GESAMTJAHR 2024 Konzernumsatz mit EUR 95,7 Mio. um 14,9 % niedriger als im Vorjahr Jahresumsatz von e-Tools dank Stab...
>Sales and adj, EBITDA miss estimates by a mile - hGears Q3 2024 sales missed our estimate by 17% driven by the e-bike business which saw sales slump by 82% versus Q3 of 2023. The gross profit came in at €10.9m or a miss of 12% with the margin at 49.3% which is actually better than assumed (46.4%). Adj. EBITDA, due to the lower absolute gross profit and despite the cost optimisations and ongoing savings programmes, came in at a loss of €0.1m where we had anticipated ...
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