Brief: Hgears Group Q1 Adjusted EBITDA At EUR 4.1 Mln

hGears AG

10/05/2022 06:35

May 10 (Reuters) - HGEARS AG  HGEA.DE :
    * FIRST-QUARTER 2022 PERFORMANCE IN LINE WITH EXPECTATIONS;
NEW
E-MOBILITY CUSTOMER WIN IN APRIL; FULL-YEAR OUTLOOK AND
MEDIUM-TERM TARGETS CONFIRMED
    * Q1 ADJUSTED EBITDA 4.1 MILLION EUR
    * Q1 REVENUE 34 MILLION EUR
    * Q1 GROSS PROFIT REACHED EUR 18.8 MILLION, REFLECTING A
GROSS
PROFIT MARGIN OF 55.3%
    * ADJUSTED EBITDA IN FULL-YEAR 2022 IS EXPECTED TO BE ON A
PAR
WITH PRIOR YEAR
    * POSITIVE IMPACT OF OPERATING LEVERAGE IS EXPECTED TO BE
REALIZED
IN SECOND HALF OF 2022 AND IN 2023

Source text for Eikon:  ID:nEQ8J12Qla 
Further company coverage:  HGEA.DE 

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