EQS-Adhoc: hGears AG adjusts its Full Year 2024 guidance
EQS-Ad-hoc: hGears AG / Key word(s): Change in Forecast hGears AG adjusts its Full Year 2024 guidance Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No. 596/2014 Schramberg, 25 October 2024 - Based on the most recent order indications and expectations for the business development, the Management Board of hGears AG has adjusted its full year 2024 guidance. The current business environment is challenging due to the persistently weak economic development and geopolitical uncertainties, as well as the resulting poor consumer sentiment, and has had a negative impact on demand. hGears expects a decline in volumes in the [e]-Mobility business area due to the slowdown in the automotive industry. Meanwhile, destocking is progressing only slowly across the entire value chain in the bicycle industry, which is having a negative impact on the e-Bike business area. By contrast, the e-Tools business area is currently recovering at low levels. Based on the latest order indicators and the adjusted outlook, hGears now expects revenue for the full year 2024 to be below the previously stated range, resulting in the decision to issue updated guidance. Despite the structural and operational adjustments already made, the lower order volume is adversely affecting operating leverage and is having a negative impact on adjusted EBITDA and free cash flow. As a result, the Management Board now expects the Group to achieve the following results for the full year 2024:
Within the context of the ongoing challenges in the market environment, hGears will continue to prioritise efficiency improvements while adapting its cost structures to current conditions. The focus will remain on gaining new customers and developing the sales pipeline as well as improving the utilisation of existing facilities and a stringent capital allocation process. The company will publish its results for the first nine months of 2024 as planned on 7 November 2024.
Contact
hGears AG Christian Weiz Brambach 38 78713 Schramberg
T: +49 (7422) 566 222 E: Christian.Weiz@hgears.com
About hGears hGears is a global manufacturer of mission-critical high-precision gears and components with a focus on products for e-mobility applications. The Company’s strategic focus is on the e-Mobility business area, where products include gears, shafts, and other mission-critical components to be used in electrical drive applications for e-bikes and electric and hybrid vehicles. In the e-bikes segment, hGears is the European market leader in the supply of high-precision gears and components. This puts the Company in a good position to capitalize on the growing end-markets for e-bikes and electric and hybrid vehicles. hGears has three distinct business areas for which it develops and manufactures high-precision components: e-Bike, [e]-Mobility (i.e. for premium and luxury cars, EHVs and powersports vehicles) and e-Tools. hGears combines over 65 years of experience in advanced machined steel metal processing and state-of-the-art powder metal production. It is one of the few companies offering customers both processes worldwide. hGears works together with its customers in a “co-development” role to design components and find technologically optimal solutions to satisfy the customer’s specifications. hGears’ blue-chip customer base includes several major suppliers (Tier 1) as well as original equipment manufacturers (OEMs). The Company benefits from long, stable and sustainable relationships with its customers and has worked with many key customers for over 15 years. hGears is headquartered in Schramberg (Germany) and operates globally with production facilities in Schramberg (Germany), Padua (Italy) and Suzhou (China). Find us on the web: www.hgears.com
End of Inside Information
25-Oct-2024 CET/CEST The EQS Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. |
Language: | English |
Company: | hGears AG |
Brambach 38 | |
78713 Schramberg | |
Germany | |
Phone: | +49 (7422) 566 0 |
Fax: | +49 (7422) 566 883 |
E-mail: | info@hgears.com |
Internet: | https://hgears.com |
ISIN: | DE000A3CMGN3 |
WKN: | A3CMGN |
Listed: | Regulated Market in Frankfurt (Prime Standard) |
EQS News ID: | 2016647 |
End of Announcement | EQS News Service |
|
2016647 25-Oct-2024 CET/CEST
Boersengefluester.de (BGFL) provides an overview of the key figures on sales, earnings, cash flow and dividends to help you better assess the fundamental development of the respective companies. All information is entered manually in our database - the source is the respective annual reports. All estimates for future figures are provided by BGFL.
The most important financial data at a glance | ||||||||
2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024e | ||
Sales1 | 126,21 | 121,84 | 126,26 | 134,91 | 135,33 | 112,48 | 92,00 | |
EBITDA1,2 | 8,78 | 10,77 | 19,34 | 19,08 | 11,99 | 2,32 | -1,30 | |
EBITDA-Margin3 | 6,96 | 8,84 | 15,32 | 14,14 | 8,86 | 2,06 | -1,41 | |
EBIT1,4 | 1,37 | 0,47 | 8,79 | 8,45 | 0,72 | -10,79 | -13,00 | |
EBIT-Margin5 | 1,09 | 0,39 | 6,96 | 6,26 | 0,53 | -9,59 | -14,13 | |
Net Profit (Loss)1 | -2,09 | -4,74 | 6,71 | 2,35 | -0,84 | -13,79 | -15,00 | |
Net-Margin6 | -1,66 | -3,89 | 5,31 | 1,74 | -0,62 | -12,26 | -16,30 | |
Cashflow1,7 | 2,24 | 12,52 | 17,27 | 10,15 | 7,42 | 4,11 | 0,00 | |
Earnings per share8 | -0,20 | -0,46 | 0,65 | 0,33 | -0,08 | -1,33 | -1,45 | |
Dividend per share8 | 0,00 | 0,00 | 0,00 | 0,00 | 0,00 | 0,00 | 0,00 |
1 in Mio. Euro; 2 EBITDA = Earnings before interest, taxes, depreciation and amortisation; 3 EBITDA in relation to sales; 4 EBIT = Earnings before interest and taxes; 5 EBIT in relation to sales; 6 Net profit (-loss) in relation to sales; 7 Cashflow from operations; 8 in Euro; Source: boersengefluester.de
Auditor: PricewaterhouseCoopers
All relevant valuation ratios, dates and other investor information on your share at a glance. Good to know: All data comes from boersengefluester.de and is updated daily. This means you are always up to date. You can get brief explanations of the key figures by moving the cursor or mouse over the relevant field.
INVESTOR-INFORMATION | ||||||
©boersengefluester.de | ||||||
hGears | ||||||
WKN | ISIN | Legal Type | Marketcap | IPO | Recommendation | Plus Code |
A3CMGN | DE000A3CMGN3 | AG | 17,21 Mio € | 21.05.2021 | Halten | 8FWC6CVP+P2 |
PE 2025e | PE 10Y-Ø | BGFL-Ratio | Shiller-PE | PB | PCF | KUV |
12,73 | 0,00 | 0,00 | -16,39 | 0,23 | 4,19 | 0,15 |
Dividend '2022 in € |
Dividend '2023 in € |
Dividend '2024e in € |
Div.-Yield '2024e in % |
0,00 | 0,00 | 0,00 | 0,00% |
Annual General Meeting | Q1-figures | Q2-figures | Q3-figures | Annual press conference |
11.06.2025 | 13.05.2025 | 13.08.2025 | 07.11.2024 | 26.03.2025 |
Distance 60-days-line | Distance 200-days-line | Performance YtD | Performance 52 weeks | IPO |
-17,91% | -30,35% | -53,38% | -51,04% | -93,63% |
Founded in 2013 by Gereon Kruse, the financial portal boersengefluester.de is all about German shares - with a clear focus on second-line stocks. In addition to traditional editorial articles, the site stands out in particular thanks to a large number of self-developed analysis tools. All tools are based on a completely self-maintained database for more than 650 shares. As a result, boersengefluester.de produces Germany's largest profit and dividend forecast.