HGears AG Approves All Resolutions at Annual General Meeting

hGears AG successfully held its Annual General Meeting (AGM) on June 11, 2026, in Schramberg, with 63.01% of share capital represented. All resolutions were approved, reflecting strong shareholder support. Lars Ahns was elected to the Supervisory Board with 99.97% of votes, marking a new tenure following Christophe Hemmerle’s expiration after notable service.

Despite challenging market conditions, particularly in the e-Bike sector, hGears surpassed its own expectations in 2025. Efficiency measures improved margins, yet the e-Bike sector faced hurdles like inventory reduction and production declines. Growth was more stable in the [e]-Mobility and e-Tools areas.

For 2026, hGears forecasts revenues between EUR 80-90 million, an adjusted EBITDA ranging from EUR minus 3 million to 0 million, and a free cash flow of EUR minus 5 million to EUR minus 2 million, maintaining focus on cost and liquidity management.