Brief: hGears Q1 Adjusted EBITDA Up 34.4% At EUR 7.3 Mln

hGears AG

26/05/2021 06:33

May 26 (Reuters) - hGears AG  HGEA.DE :
    * DGAP-NEWS: HGEARS AG GROUP QUARTERLY STATEMENT FOR Q1
2021:
STRONG DOUBLE-DIGIT GROWTH DURING THE FIRST THREE MONTHS OF 2021
    * Q1 REVENUE ROSE 11.6 PERCENT TO 36.6 MILLION EUR
    * Q1 GROSS PROFIT INCREASED BY 15.5% Y-O-Y TO EUR 21.6
MILLION,
GROSS MARGIN IMPROVED TO 59.0%
    * Q1 EUR 7.3 MILLION ADJUSTED EBITDA UP 34.4% Y-O-Y,
ADJUSTED
EBITDA MARGIN 19.8%
    * OUTLOOK 2021: CONFIRMS THAT IT IS ON TRACK TO DELIVER
OUTLOOK
FOR FINANCIAL YEAR 2021

Source text for Eikon:  ID:nEQ9wFmgka 
Further company coverage:  HGEA.DE 

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