Germany's hGears H1 revenue falls on weak bicycle production, inventory reductions
Germany's hGears H1 revenue falls on weak bicycle production, inventory reductions
Overview
Germany high-precision gear maker's H1 2026 revenue fell 5.6% yr/yr to EUR 46.8 mln
Adjusted EBITDA positive at EUR 0.4 mln, supported by cost and efficiency measures
Company confirms full-year 2026 guidance despite challenging market conditions
Outlook
hGears confirms 2026 revenue guidance of EUR 80 mln to EUR 90 mln
Company expects 2026 adjusted EBITDA between EUR minus 3 mln and EUR 0 mln
hGears sees 2026 free cash flow of EUR minus 5 mln to EUR minus 2 mln
Result Drivers
SEGMENT PERFORMANCE - Revenue growth in [e]-Mobility, especially from sports and luxury vehicles, partially offset declines in e-Bike and e-Tools
E-BIKE WEAKNESS - e-Bike revenue declined due to high prior-year comparison, weak bicycle production, and inventory reductions
COST AND EFFICIENCY MEASURES - Structural and efficiency measures, including reduced personnel expenses and lower outsourced production costs, supported profitability
Company press release: ID:nEQ6lNmmsa
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
H1 Revenue |
| EUR 46.80 mln |
|
H1 Adjusted EBITDA |
| EUR 400,000 |
|
H1 Adjusted EBITDA Margin |
| 0.80% |
|
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 €1.80, about 125% above its August 11 closing price of €0.80
Reuters Recommended Reads
Aug 11 - Germany's Norma Group Q2 adjusted EBIT more than triples
Aug 11 - Germany's STS Group H1 revenue rises 9.3%, EBITDA up 35%
Aug 12 - Germany's GESCO H1 revenue rises, confirms FY view
For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.
(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.)