Hgears Ag · XETR:HGEA
Hgears — H1 2026 Earnings Presentation
11 slides from Hgears's earnings presentation, August 2026
Slide 1: 1H 2026 results
1H 2026 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 2026 Highlights
1H 2026 Highlights Disciplined execution and liquidity measures mitigate continued market pressures • 1H26 performance on track despite persistent market headwinds • [e]-Mobility remained resilient and continued to stabilize Group performance • e-Bike was affected by a tough comparison base and mark
Slide 4: Quarterly sales reflect a stable sequential evolution
Quarterly sales reflect a stable sequential evolution Sales (in EUR million) 25.9 24.9 24.2 24.3 23.0 23.3 23.3 6.0 21.9 4.0 3.4 21.9 4.5 2.2 3.0 4.1 20.2 1.6 3.8 0.7 12.2 11.7 11.6 12.9 12.6 11.9 9.2 10.4 11.3 12.6 8.9 8.5 8.7 9.2 8.2 8.7 8.2 7.3 7.8 7.7 1Q24 2Q24 3Q24 4Q24 1Q25 2Q25 3Q25 4Q25 1Q26
Slide 5: Financial Review
Financial Review the heart of your | CALS | performance
Slide 6: Implemented cost measures support 1H26 results in line with expectations
Implemented cost measures support 1H26 results in line with expectations Sales (in EUR million) Adj. Gross Profit (in EUR million) Adj. EBITDA (in EUR million) 22.6 49.3 46.5 21.0 7.5 -31.2 % 20.0 5.1 2.5 23.8 2.0 +7.0 % 25.5 1.1 10.0 1.5 1.0 18.0 -11.8 % 0.4 15.9 45.6 % 44.9 % 0.5 0.0 0.0 2.2 % 0.8
Slide 7: Optimized free cash supported cash preservation
Optimized free cash supported cash preservation Free Cash Flow bridge (in EUR million) Free Cash Flow bridge 2 • Free cash flow improved by EUR 3.4 million -0.4 1.1 year-on-year 0 3.8 • Operating cash flow improved by EUR 3.8 -2.3 -2 million, supported by optimized NWC • investments in new projects
Slide 8: Adequate liquidity and a stable capital base
Adequate liquidity and a stable capital base Net Debt (in EUR million) and Leverage 22 20.4 • Liquidity 21 42.5 20 18.5 18.8 – Positive contributions from operating 19 17.2 18 activities and active net working 17 capital management supported the 16 14.7 32.5 15 13.8 28.7 14 liquidity position 13 22.
Slide 9: Outlook & Closing Remarks
Outlook & Closing Remarks the heart of your | byGears | Snes of
Slide 10: 2026 guidance confirmed
2026 guidance confirmed Guidance 2026 Revenue EUR 80 - 90 million Adjusted EBITDA EUR -3 million to EUR 0 million Free Cash Flow EUR -5 million to EUR -2 million 10
Slide 11: CALS | performance
- the heart of your CALS | performance