hGears AG posted Group revenues of EUR 135.3 million and an adjusted EBITDA of EUR 15.3 million in the full year 2022. In a persistently challenging business environment, the Group delivered results in line with Management’s guidance.

CEO Sven Arend commented:“In the context of the unprecedented challenges that our industry is facing, this performance reflects the countermeasures implemented in 2022, the Company’s strong market positioning and the long-standing and close customer relationships, as evidenced by the multi-year contract extension with one of our blue-chip customers. In 2022, the Company continued to expand its pipeline and customer base, and the new deals secured in 2022 demonstrate our strategic focus on e-mobility and our ability to capture future growth".

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