Brief: hGears 9-Month Group Revenues Up At EUR 102.3 Million

hGears AG

11/11/2021 06:46

Nov 11 (Reuters) - HGEARS AG  HGEA.DE :
    * GROUP CONTINUES ITS HIGHLY PROFITABLE GROWTH PATH AND
REAFFIRMS
GUIDANCE
    * 9M ADJUSTED EBITDA ROSE 34.3 PERCENT TO 18.4 MILLION EUR
    * 9M REVENUE ROSE 14.1 PERCENT TO 102.3 MILLION EUR
    * 9-MONTH GROUP REVENUES AT EUR 102.3 MILLION, UP 14.1%
Y-O-Y
    * 9-MONTH GROSS PROFIT INCREASED BY 19.1% Y-O-Y TO EUR 59.4
MILLION
    * 9-MONTH ADJUSTED EBITDA UP 34.3% Y-O-Y TO EUR 18.4 MILLION
    * POST IPO REFINANCING EXPECTED TO COMPLETE IN Q4 2021 AND
YIELD
ATTRACTIVE TERMS
    * RECONFIRMING MID TERM GUIDANCE AND HIGH SINGLE DIGIT
REVENUE
GROWTH FOR FY 2021
    * OUTLOOK 2021: DOUBLE GROUP REVENUE TO EUR 250 MILLION
    * OUTLOOK 2021: TRIPLE E-MOBILITY REVENUE TO AT LEAST EUR
150
MILLION
    * OUTLOOK 2021: HGEARS IS MONITORING TOUGH MARKET SITUATION
CAREFULLY, BUT DESPITE BACKDROP REMAINS CONFIDENT OF DELIVERING
HIGH SINGLE DIGIT GROUP REVENUE GROWTH FOR FY 2021

Source text for Eikon:  ID:nEQljVBla 
Further company coverage:  HGEA.DE 

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