HGears AG Reports Stable Start to 2025 Despite Sales Decline

hGears AG began 2025 with sales of EUR 25.1 million, a 3.5% decrease compared to the previous year. The e-Tools sector saw a 20.4% sales increase but couldn't fully counterbalance the declines in e-Mobility and e-Bike sectors, with the latter dropping by 32.1%. However, the company's gross profit remained stable, and adjusted EBITDA improved to EUR 0.7 million, aligning with management's expectations.

The automotive and bicycle industries face challenges, including US tariffs and a prolonged destocking process. Despite these hurdles, hGears implemented measures to streamline operations, reducing fixed costs and maintaining a stable balance sheet with an equity ratio of 47.2%.

CEO Sven Arend stresses the company's strategic readiness for future market recovery, aiming to enhance organizational and operational flexibility. The outlook for 2025 remains steady, with anticipated revenues between EUR 80-90 million.