hGears First Half 2023 Earnings: €0.54 loss per share (vs €0.086 loss in 1H 2022)

hGears (ETR:HGEA) First Half 2023 Results

Key Financial Results

• Revenue: €57.2m (down 19% from 1H 2022).
• Net loss: €5.58m (loss widened by €4.69m from 1H 2022).
• €0.54 loss per share (further deteriorated from €0.086 loss in 1H 2022).

All figures shown in the chart above are for the trailing 12 month (TTM) period

hGears Earnings Insights

Looking ahead, revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 5.1% growth forecast for the Auto Components industry in Germany.

Performance of the German Auto Components industry.

The company's shares are up 3.4% from a week ago.

Risk Analysis

You still need to take note of risks, for example - hGears has 2 warning signs we think you should be aware of.

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