Brief: hGears H1 Gross Profit Up At EUR 41.1 Million

hGears AG

02/08/2021 06:04

Aug 2 (Reuters) - hGears AG  HGEA.DE :
    * DGAP-NEWS: HGEARS GROUP CONTINUES ITS HIGHLY PROFITABLE
GROWTH
PATH DURING THE FIRST SIX MONTHS OF 2021
    * H1 REVENUE ROSE 22.2 PERCENT TO 70.5 MILLION EUR
    * H1 GROUP REVENUES AT EUR 70.5 MILLION, UP 22.2% Y-O-Y
    * H1 GROSS PROFIT INCREASED BY 28.6% Y-O-Y TO EUR 41.1
MILLION,
GROSS MARGIN IMPROVED TO 58.3%
    * AT EUR 13.1 MILLION, H1 ADJUSTED EBITDA INCREASED BY 61.5%
WITH
ADJUSTED EBITDA MARGIN UP 450 BPS TO 18.5%
    * REMAINS CONFIDENT TO MEET FORECAST FOR FINANCIAL YEAR 2021

Source text for Eikon:  ID:nEQbpWr4da 
Further company coverage:  HGEA.DE 

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