HGears' Q1 results slow down but are ‘in line with expectations’

SCHRAMBERG, Germany – Stating a challenging business environment, German high-precision transmission parts and components manufacturer hGears AG, saw its young e-mobility business unit swallowing a double-digit 15.4% sales decrease in the first quarter of 2022. However, the publicly traded company can look to the future with confidence.
Transmission and components manufacturer, hGears, will continue a focus on 'operational excellence' in its plants throughout 2022. - Photo hGears