AI Terminal
Hove A/S
Management Reports • Mar 28, 2025
8430_iss_2025-03-28_31ad3bf0-30c7-4239-b88e-1ef9fdb41e01.pdf
Management Reports
Open in ViewerOpens in native device viewer
This is inside information
Guidance for 2025
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 information Hans Christian Hansen CEO Email: [email protected] This is inside information
Company contact
Hove A/S Herstedøstervej 7 DK - 2600 Glostrup CVR 25804821 Web: www.hove-as.com
Certified adviser Norden CEF A/S John Norden [email protected]
About Hove
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.