28.3.2025 08:46:41 CET | Hove A/S |
Company Announcement
This is inside information
Company announcement no. 48
HOVE has today approved the annual report for 2024, including the guidance for 2025, which is considered inside information.
HOVE expects more moderate growth in 2025 due to margin pressure in the wind energy market and increased sales & marketing costs in new markets. Market data indicates continued growth in the global wind energy market.
HOVE expects uncertainty in the US market in 2025.
Market research shows that HOVE’s pump portfolio remains technologically at the forefront. In 2025, HOVE will launch new pump types and updated versions of existing pumps. Combined with an intensified commercial focus, we expect to see increasing pump sales. Grease sales are also expected to increase slightly in the coming year.
HOVE continues to expect to penetrate the global crane market after several successful field tests.
The guidance for 2025 is based on the following assumptions
the OEM segment continues to grow
the business conditions for HOVE’s clients will not significantly change due to macroeconomic trends or the geopolitical situation
the USD exchange rate remains close to the current level.
Based on the above, HOVE’s guidance for 2025 is:
Guidance
2025
DKK million
Revenue
160 – 190
EBITDA
11 -18
Further informationHans Christian HansenCEOEmail: investor@hove-as.dk
Company contactHove A/SHerstedøstervej 7DK – 2600 GlostrupCVR 25804821Web: www.hove-as.com
Certified adviserNorden CEF A/SJohn Nordenjn@nordencef.dk
About Hove A/S
Hove is a supplier of lubrication solutions for mechanical bearings, primarily in the wind turbine industry. Hove’s solutions provide customers with significant annual operating cost savings, while at the same time ensuring that lubrication is performed and documented correctly, which extends the life of the bearings. Over the past 20 years, Hove has set new standards for lubrication in the wind turbine industry. Hove’s patented IoT solution will strengthen Hove’s position as market leader. With its unique product and an experienced team, Hove has achieved a strong market position in the wind turbine industry and an international presence.
Attachments
Hove – Company Announcement 48.pdf
