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Regulatory press release

Hove Americas has received an order of more than DKK 500,000 from an American energy company

Hove

7.9.2023 13:36:30 CEST | Hove A/S | Investor News

This order of more than DKK 500,000 comes from an American energy company. Hove Americas has supplied pumps and grease to this customer for several years.


General info about investor news:

Unless otherwise specified, all new customer agreements and orders are according to Hove’s strategy and thus do not change the communicated guidance.

Business areaOrders below DKK 500,000Orders above DKK 500,000
Wind industryIs not communicatedIs communicated
Hove Smart Lube IoTIs communicatedIs communicated
New industriesIs communicatedIs communicated
New subsidiariesIs communicated (new customer)Is communicated
Private LabelIs communicatedIs communicated
Internal Hove GroupIs not communicatedIs not communicated

In all investor news, Hove distinguishes between three customer categories; small and medium sized customers are defined as “customers”, manufacturers of wind turbines, cranes, and other machinery with mechanical bearings are defined as “OEM’s”, and the 10 largest operators within each region and/or industry are defined as “large operators”.

All agreements and orders with a total value of more than DKK 500,000 are communicated to the market.

Hove Smart Lube sales, private label agreements, orders from new industries, as well as the first order to new customers in India, Brazil and Türkiye are key to Hove’s strategy, and thus communicated each time an order is received.

Orders between different entities within the Hove Group are not communicated to the market.  

For further information:

Hans Christian Hansen
CEO Hove A/S
Tlf. (+45) 31359410

Certified adviser
Norden CEF A/S

www.nordencef.dk

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