Slide 1: 1H 2025 results
1H 2025 results the heart of your CALS | performance
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: 1H 2025 Highlights
1H 2025 Highlights Solid results supported by production brought forward, combined with structural and cost measures • hGears delivered solid 1H25 results in a challenging market environment • Ongoing destocking once again weighed on e-Bike performance, as anticipated • e-Tools continued its recover
Slide 4: Quarterly sales development of the business areas
Quarterly sales development of the business areas Sales (in EUR million) 28.8 27.8 28.2 26.8 25.9 5.2 6.9 24.9 24.2 24.3 9.0 23.0 7.7 6.0 21.9 4.0 3.4 4.5 4.1 3.8 12.3 13.2 12.2 11.7 12.6 11.9 9.2 10.4 11.8 12.3 10.3 8.7 8.9 8.5 8.7 9.2 7.3 6.9 7.3 7.8 1Q23 2Q23 3Q23 4Q23 1Q24 2Q24 3Q24 4Q24 1Q25 2Q
Slide 5: Financial Review
Financial Review the heart of your | CALS | performance
Slide 6: Ongoing destocking continues to weigh on e-Bike performance, [e]-Mobility slightly negative and e-Tools recovering
Ongoing destocking continues to weigh on e-Bike performance, [e]-Mobility slightly negative and e-Tools recovering Sales (in EUR million) Adj. Gross Profit (in EUR million) Adj. EBITDA (in EUR million) 50.2 49.3 23.5 22.6 1.1 1.3 10.5 -28.6% 7.5 20.0 23.8 0.8 24.6 -3.0% 0.5 10.0 19.4% 18.0 0.3 15.1
Slide 7: Free Cash Flow reflects operating countermeasures and improvement in net working capital
Free Cash Flow reflects operating countermeasures and improvement in net working capital Free Cash Flow bridge (in EUR million) Free Cash Flow bridge 0 • Net cash flow from operating activities -1.7 -2.3 – Significantly better non-adjusted EBIT 0.6 offset by a seasonal build-up of net -2 -1.2 workin
Slide 8: Stable balance sheet
Stable balance sheet Net Debt (in EUR million) and Leverage 17.0 • Net debt & liquidity 16.0 14.7 15.0 13.8 28 14.0 12.4 – Cash and cash equivalents amount to 13.0 12.0 23 EUR 9.4 million; like-for-like value 11.0 10.2 9.7 9.4 10.0 including credit lines EUR 14.4 million 9.0 18 7.7 20.2x (December 2
Slide 9: Outlook & Closing Remarks
Outlook & Closing Remarks the ‘of your | ars | perrormance”
Slide 10: 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 10
Slide 11: the heart of your performance
the heart of your CALS | performance