sur IC Capitalight Corp. (isin : DE000A3CMGN3)
HGears Group Reports First Half 2026 Results, Maintains Guidance
hGears Group reported consolidated revenue of EUR 46.8 million for the first half of 2026, a 5.6% decrease compared to the previous year. Positive developments in [e]-Mobility tempered declines in e-Bike and e-Tools sectors. Specifically, [e]-Mobility revenue saw a 7.0% rise to EUR 25.5 million, boosted by demand in the sports and luxury segments.
Despite lower business volume, structural and efficiency improvements supported profitability. Adjusted EBITDA was positive at EUR 0.4 million, and free cash flow improved significantly by EUR 3.4 million to reach EUR 1.1 million. Personnel cost reductions were a contributing factor, decreasing by EUR 1.9 million.
The company confirmed its financial guidance for 2026 amid a challenging market scenario. CEO Sven Arend highlighted a continued focus on managing costs, cash flow, and liquidity. The outlook targets EUR 80-90 million in revenue and an adjusted EBITDA between EUR minus 3 million and 0.
R. P.
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