Investor news: Hove has received an order of more than DKK 500.000 from a wind turbine OEM
This order of more than DKK 500.000 comes from a wind turbine OEM. Hove has supplied pumps and grease to this OEM for many years, and this order is part of the existing annual sales to this customer.
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 area ||Orders below DKK 500.000 ||Orders above DKK 500.000 |
|Wind industry ||Is not communicated ||Is communicated |
|Hove Smart Lube IoT ||Is communicated ||Is communicated |
|New industries ||Is communicated ||Is communicated |
|New subsidiaries ||Is communicated (new customer) ||Is communicated |
|Private Label ||Is communicated ||Is communicated |
|Internal Hove Group ||Is not communicated ||Is 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 and Brazil 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:
Maja Vonsild Jørgensen
CEO Hove A/S
Tlf. (+45) 31359410
Norden CEF A/S
Tlf: +45 2072 0200