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.
SCHRAMBERG, Germany - When presenting its 2024 half-year figures, the high-precision gearbox parts and components manufacturer hGears AG took a cautious view of the financial year. Looking further ahead, the stock-listed company sees strong growth again in the medium term 'particularly in the e-bike and e-mobility business areas'.
SCHRAMBERG, Germany - hGears AG, the European precision e-bike transmission parts and components manufacturer, reports a 16.9% year-on-year decrease of its 2023 consolidated revenue of € 112.5 million. hGears faced an extremely challenging years in its e-bike business.
