hGears Group Reports Nine-Month 2026 Financial Results

The hGears Group generated adjusted revenues of EUR 66.5 million for the first nine months of 2026, compared to EUR 69.8 million in the prior-year period. Adjusted EBITDA reached EUR 0.1 million, down from EUR 0.9 million in the previous year, impacted by lower volumes and negative currency effects. The company noted that while the e-Mobility segment saw growth, the e-Tools and e-Bike segments faced weak demand. Management confirmed the company's guidance for the 2026 financial year. Additionally, the company clarified that the insolvency proceedings for its subsidiary, hGears Schramberg GmbH, which opened on November 1, 2026, do not affect hGears AG or its subsidiaries in Padua and Suzhou.