HGears Starts 2026 Steady Amid Ongoing Challenges

hGears Group's first-quarter results of 2026 align with expectations despite a challenging market. The company posted a consolidated revenue of EUR 23.4 million, marking a 6.9% drop from the previous year. Adjusted EBITDA was slightly negative at EUR −0.2 million. Growth in the [e]-Mobility sector couldn't offset declines in e-Tools and e-Bike segments, the latter suffering from low production rates.

Despite these revenue setbacks, adjusted gross profit stood at EUR 10.5 million, with a margin of 44.8%. Economic conditions remain uncertain, driven by geopolitical factors affecting momentum. Cash and cash equivalents were reported at EUR 7.6 million, slightly down from December 2025 figures.

CEO Sven Arend emphasized the stabilization efforts, attributing results to efficiency measures. The 2026 forecast remains steady with expected revenue between EUR 80-90 million and an adjusted EBITDA ranging from EUR minus 3 to 0 million.