Slide 1: FY 2024 results & Outlook 2025
FY 2024 results & Outlook 2025 1
Slide 2: Disclaimer
Disclaimer This report contains forward-looking statements. These statements are based on current experience, estimates and projections of the Management Board and the information available at the time this report was prepared. They are not guarantees of future performance and results and are subjec
Slide 3: FY 2024 Highlights
FY 2024 Highlights Economic weakness and destocking impact revenues and earnings – countermeasures are proving successful • hGears navigated another tough year in 2024 – sales and earnings in line with guidance • Market conditions remained challenging; ongoing destocking in e-Bike and [e]-Mobility s
Slide 4: Quarterly sales development of the business areas
Quarterly sales development of the business areas Sales (in EUR million) 5.2 6.9 9.0 7.7 6.0 4.5 4.1 3.8 12.3 13.2 12.6 11.9 9.2 10.4 11.8 12.3 10.3 8.7 8.9 8.5 7.3 6.9 7.3 7.8 1Q23 2Q23 3Q23 4Q23 1Q24 2Q24 3Q24 4Q24 e-Tools [e]-Mobility e-Bike 4
Slide 5: Financial Review
Financial Review the heart of your | CALS | performance
Slide 6: Market conditions remained challenging; ongoing destocking in e-Bike, [e]-Mobility slowing and e-Tools stable
Market conditions remained challenging; ongoing destocking in e- Bike, [e]-Mobility slowing and e-Tools stable at low levels Sales (in EUR million) Adj. Gross Profit (in EUR million) Adj. EBITDA (in EUR million) 6.0 5.6 111.7 60.0 56.2 95.2 5.0 28.9 50.0 43.6 -36.1% 18.5 4.0 40.0 3.0 49.6 -11.0% 30.
Slide 7: Stable balance sheet and adequate financial manoeuvrability
Stable balance sheet and adequate financial manoeuvrability Net Debt (in EUR million) and Leverage • NWC/Revenues 7.5 % (2023: 8.2 %) 13.0 12.4 28 12.0 11.0 10.2 23 • Equity ratio FY24 49.4 % 9.7 9.4 10.0 9.0 7.7 18 8.0 • Net debt & liquidity 7.0 6.2 6.0 4.9 18.8x 13 5.0 – Cash and cash equivalents
Slide 8: Outlook & Closing Remarks
Outlook & Closing Remarks the ‘of your | ars | perrormance”
Slide 9: Guidance for 2025
Guidance for 2025 2025 Guidance Revenue EUR 80 – 90 million Adjusted EBITDA EUR minus 4 to minus 1 million Free Cash Flow EUR minus 6 to minus 2 million 9
Slide 10: the heart of your performance
the heart of your CALS | performance