Germany's hGears 2025 revenue falls 4.1% on weaker e-Bike sales

hGears AG

25/03/2026 06:41

Overview

Germany high-precision gear maker's 2025 revenue fell 4.1% on weaker e-Bike sales

Adjusted EBITDA rose to EUR 1.6 mln, driven by efficiency and cost reduction measures

Company guides for lower 2026 revenue and negative adjusted EBITDA

Outlook

hGears expects 2026 revenue of EUR 80–90 mln

Company sees 2026 adjusted EBITDA of EUR minus 3 to 0 mln

hGears forecasts 2026 free cash flow of EUR minus 5 to minus 2 mln

Result Drivers

COST AND EFFICIENCY MEASURES - Co said structural and cost-saving actions, including lower personnel costs, drove improvement in adjusted EBITDA and gross margin

E-BIKE WEAKNESS - Co said persistently high inventory levels and subdued end-demand in the e-Bike sector reduced production and drove revenue decline

E-TOOLS AND E-MOBILITY GROWTH - Co said revenue gains in e-Tools were driven by solid demand for gardening tool components, and [e]-Mobility growth was supported by focus on premium, sports, and luxury segments

Company press release: ID:nEQ34zsMba

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
FY Adjusted EBITDA Margin
1.70%


Analyst Coverage

The one available analyst rating on the shares is "hold"

The average consensus recommendation for the auto, truck & motorcycle parts peer group is "buy."

Wall Street's median 12-month price target for hGears AG is €2.32, about 121% above its March 24 closing price of €1.05

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)