DGAP-News: hGears AG / Key word(s): Quarterly / Interim Statement 
hGears AG Group quarterly statement for Q1 2021: strong double-digit growth during the first three months of 2021 
2021-05-26 / 07:30 
The issuer is solely responsible for the content of this announcement. 
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hGears AG Group quarterly statement for Q1 2021: strong double-digit growth during the first three months of 2021 
 
- Group revenues at EUR 36.6 million, up by 11.6% y-o-y 
- Gross profit increased by 15.5% y-o-y to EUR 21.6 million, gross margin improved to 59.0% 
- At EUR 7.3 million adjusted EBITDA up 34.4% y-o-y, adjusted EBITDA margin 19.8% 
- Q1 2021 performance fully in line with outlook for 2021 
 
Schramberg, 26 May 2021. hGears AG ("hGears" or "Company"), a global manufacturer of high-precision gears and 
components with a focus on products for e-mobility applications, provides an update on its business performance during 
the first quarter of the financial year 2021. 
In the first three months of the current financial year Group revenues grew by 11.6% year-on-year from EUR 32.8 million 
to EUR 36.6 million. 
hGears' gross profit, defined as total output minus raw materials and consumables used, was up by 15.5% at EUR 21.6 
million in Q1 (3M 2020: EUR 18.7 million). The gross margin rose by 2.0 percentage points to 59.0% (3M 2020: 57.0%). 
The adjusted EBITDA in this period stood at EUR 7.3 million compared to EUR 5.4 million the year before, which 
corresponds to an increase of 34.4%. The adjusted EBITDA margin during the first quarter of 2021 increased by 3.3 
percentage points to 19.8% (3M 2020: 16.5%). 
The Management Board confirms that it is on track to deliver the outlook for the financial year 2021: Continued 
double-digit revenue growth in the e-Mobility business area and single-digit growth in the e-Tools business area. 
hGears expects the portion of revenues in its e-Mobility business area to further increase in 2021. 
Daniel Basok, CFO of hGears: "We are pleased with the results of the first three months of 2021 and the trajectory of 
the company. We will continue focusing our activities on our E-mobility business area where we are in active 
discussions with several potential new customers for both e-bike and electric and hybrid vehicles projects." 
Contact 
cometis AG 
Dr. Daniela Diedrich 
Unter den Eichen 7 
65195 Wiesbaden 
T: +49 611 205855 - 22 
E: diedrich@cometis.de 
About hGears 
hGears is a global manufacturer of mission-critical high-precision gears and components with a focus on products for 
e-mobility applications. The Company's strategic focus is on the e-mobility business area where products include gears, 
shafts, and other mission-critical components to be used in combustion-free electrical drive applications for e-bikes 
and electric and hybrid vehicles. In the e-bikes segment, hGears is the European market leader in the supply of 
high-precision gears and components and its parts are contained in approximately two million of the total 4.6 million 
e-bikes sold in Europe in 2020. This puts the company in a good position to capitalize on the dynamically growing 
end-markets for e-bikes and electric and hybrid vehicles. hGears has three distinct business areas for which it 
develops and manufactures high-precision components: E-mobility, E-tools, and Conventional (i.e. premium and luxury 
cars, motorcycles and industrial applications). 
hGears combines over 60 years of experience in advanced machined steel metal processing and state-of-the-art powder 
metal production. It is one of the few companies offering customers both processes worldwide. hGears works together 
with its customers in a "co-development" role to design components and find technologically optimal solutions to 
satisfy the customer's specifications. hGears' blue chip customer base includes a number of major suppliers as well as 
original equipment manufacturers. The company benefits from long, stable and sustainable relationships with its 
customers, with hGears serving many key customers for over 15 years. 
hGears is headquartered in Schramberg, Germany, and operates globally with production facilities in Schramberg, 
Germany, Padua, Italy and Suzhou, China. On the Internet at: www.hgears.com 
Group revenue in 2020 was EUR 126.3 million, with e-mobility business area revenue increased by 59% year on year from 
2019. 
 
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2021-05-26 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG. 
The issuer is solely responsible for the content of this announcement. 
The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. 
Archive at www.dgap.de 
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Language:     English 
Company:      hGears AG 
              Brambach 38 
              78713 Schramberg 
              Germany 
Phone:        +49 (7422) 566 0 
Fax:          +49 (7422) 566 883 
E-mail:       info@hgears.com 
Internet:     https://hgears.com 
ISIN:         DE000A3CMGN3 
WKN:          A3CMGN 
Listed:       Regulated Market in Frankfurt (Prime Standard) 
EQS News ID:  1200512 
 
End of News   DGAP News Service 
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1200512 2021-05-26


 
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May 26, 2021 01:30 ET (05:30 GMT)