HGears Group's Financial Performance in First Nine Months of 2026

In the first nine months of 2026, hGears Group's financial results met management's expectations. The company's adjusted group revenues were EUR 66.5 million, slightly below the prior year's EUR 69.8 million. Adjusted EBITDA was EUR 0.1 million, impacted by lower volumes and currency effects.

While e-Mobility sales increased by 3.1% to EUR 36.2 million, e-Bike and e-Tools segments faced challenges, with sales declines. hGears Schramberg GmbH entered insolvency proceedings due to e-Bike market struggles, but operations continued uninterrupted. Free cash flow improved to EUR 0.6 million.

The company maintains guidance for the full year, anticipating revenues between EUR 80-90 million and adjusted EBITDA ranging from EUR -3 million to EUR 0 million. Securing liquidity and restructuring efforts remain priorities.