SCHRAMBERG, Germany - The expected weakness in the e-bike segment in the first nine months of 2025 resulted in a 42% drop in revenue at the e-bike component manufacturer. For hGears, even the positive development of e-tools and e-mobility could not offset the slowdown in the e-bike segment, which continued into the third quarter of this year.
SCHRAMBERG, Germany - The market shows initial signs of a measured rebound, though the improvement still has yet to extend across the entire supply chain. The manufacturer of e-bike drive components, hGears reports that, "the sales volume of e-bikes in Europe during the first half of 2025 is estimated to be roughly on par with the previous year, but European e-bike production has not recovered as expected."
SCHRAMBERG, Germany - The financial results published by e-bike motor component manufacturer hGears are an important indicator of the market expectations of leading European e-bike brands. For the first quarter of 2025, hGears reports a 32.1% sales decline for its e-bike division. For the rest of 2025, hGears expects a further decline of the e-bike market.
SCHRAMBERG, Germany - Even though the weakening economy and the ongoing destocking in the 2024 financial year hurt the turnover and earnings of stock-listed high-precision gear parts and components manufacturer hGears AG, the company says the cost and structural measures introduced are having the desired effect. These have also prepared the company for another difficult year.
SCHRAMBERG, Germany - hGears AG faced a challenging 2024 fiscal year as declining demand and high inventory levels weighed on revenue and earnings. Despite the negative effects of 2024's economic slowdown and excess inventory struggles, hGears AG remains confident that its new cost and structural measures are having a positive effect.
SCHAMBERG, Germany - High-precision transmission parts and components manufacturer hGears AG continues to suffer not only from the automotive crisis, but also from the e-bike business segment's sluggish destocking. In the first nine months of the current 2024 financial year, it had to digest its biggest sales drop.
