HGEARS AG INH O.N.

hGears reports for H1 2026 a revenue decline of 5.6% to €46.8 million and an adjusted EBITDA of €400,000 (margin 0.80%). Structural and efficiency measures reduced costs, while growth in the e‑mobility segment only partially offset declines in e‑bike and e‑tool. The company confirms its full-year guidance of €80–90 million revenue, adjusted EBITDA of minus €3 million to €0 million, and free cash flow of minus €5 million to minus €2 million. » Altro su de.investing.com

hGears recorded a group revenue decline of 7.2% in the first quarter of 2026 to EUR 23.3 million and margin compression that worsened adjusted EBITDA to -0.2 million EUR (‑0.9 million EUR year‑on‑year). Free cash flow improved by 1.0 million EUR to -1.2 million EUR, and the E‑Mobility segment showed revenue resilience. Management confirmed the full‑year outlook and stressed priorities on cost‑structure improvements and active liquidity management. Risks remain: margin pressure from an unfavorable product mix, inventory and currency effects, and higher indebtedness. » Altro su de.investing.com

hGears reports 2025 revenue of €91.4m (-4%) and an adjusted EBITDA of €1.6m (+220%) after extensive cost reductions. The e‑bike segment plunged 46.7% to €9.8m, while e‑mobility and e‑tools together account for 89% of sales. Net debt nearly doubled to €18.5m, available liquidity has decreased; management is conducting financing negotiations. For 2026 the company forecasts €80–90m in revenue, an adjusted EBITDA of -€3 to €0m and negative free cash flow. » Altro su de.investing.com