Hove A/S

Equities

HOVE

DK0061675279

Industrial Machinery & Equipment

Market Closed - Nasdaq Copenhagen Other stock markets 11:20:00 2024-07-12 am EDT			5-day change	1st Jan Change
5.1 ^DKK	+2.00%		+1.19%	-20.06%

Jul. 10	Hove Logs Additional DKK2 Million Orders from Existing Clients	MT
Jun. 26	Hove A/S Receives Six Larger Orders	CI

Hove partners with Covento on new marketplace from Vestas

January 10, 2023 at 05:03 am EST

10.1.2023 11:02:52 CET | Hove A/S | Investor News

Covento will facilitate sales to buyers, from both Vestas and third-party suppliers, such as Hove. Buyers and sellers will gain access to one digital platform, where all parts and service needs can be met, and where it is possible to sell to the entire industry, in a purchasing setup that is best known from the B2C space.

Thomas Cramer, CCO at Hove says: “We are excited to be part of this new initiative. We have worked with Vestas for many years, and we are proud to be asked to be one of the first companies who get to be marketed on the Covento platform.”

Covento aims to transform a fragmented renewable aftermarket into a simplified and connected digital journey. By creating a space for players across the renewable landscape to easily connect and collaborate, Vestas’ goal is to establish a stronger foundation for the renewables industry to build scale.

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
Email: mvj@hove-as.dk

Certified adviser
Norden CEF A/S
John Norden
Tlf: +45 2072 0200
E-mail: jn@nordencef.dk
www.nordencef.dk

Contacts

Maja Vonsild Jørgensen, CEO, mvj@hove-as.dk

Attachments

Download announcement as PDF.pdf

Latest news about Hove A/S

Hove Logs Additional DKK2 Million Orders from Existing Clients	Jul. 10	MT
Hove A/S Receives Six Larger Orders	Jun. 26	CI
Hove A/S Receives Two Orders with Value above DKK 1,000,000 and A Private Label Filling Order in the Past Week	Jun. 05	CI
Hove Americas Receives Two Larger Orders with an Accumulated Value above DKK 1,000,000 in the Past Week	May. 29	CI
Hove A/S Receives Three Orders with a Value Above DKK 1,500,000 in the Past Week	May. 22	CI
Hove A/S Receives Additional Three Orders with a Value above DKK 1,500,000 in the Past Week	May. 15	CI
Hove A/S Announces Resignation of Patrick Bentsen as CFO, with Effect from End of September 2024	May. 13	CI
Hove Receives One Order Above DKK 500,000 in the Past Week	May. 01	CI
Hove A/S Receives 5 Larger Orders of Total Value Above DKK 2,500,000	Apr. 17	CI
Hove Receives 3 Larger Orders of A Total Value Above DKK 3,000,000	Apr. 10	CI
Hove Receives New Orders Worth DKK2.5 Million	Apr. 03	MT
Hove A/S Receives 3 Larger Orders with A Total Value Above DKK 2,500,000	Apr. 03	CI
Hove A/S Reports Earnings Results for the Full Year Ended December 31, 2023	Mar. 21	CI
Hove and Hove Brazil Receives Private Label Filling Order and 2 Orders with Total Value of More Than DKK 2,500,000	Mar. 20	CI
Hove A/S Receives Eight Orders Totaling a Value of More Than DKK 6,500,000	Mar. 13	CI
Denmark's Hove CFO Takes Leave	Mar. 01	MT
Hove A/S Announces CFO Changes	Mar. 01	CI
Denmark's Hove Bags New Orders from Three Existing Clients	Feb. 28	MT
Hove A/S Provides Revenue Guidance for 2024	Feb. 23	CI
Global stocks at two-year highs, Nikkei skirts record	Feb. 16	RE
Denmark's Hove Secures New Order from Existing Client	Feb. 14	MT
Hove A/S Receives One Order of More Than DKK 500.000 from an OEM	Feb. 14	CI
Hove Bags Orders from European, US Customers	Feb. 07	MT
Hove A/S Receives an Order over DKK 500,000 from A European Reseller	Feb. 07	CI
Hove Secures Additional Orders from Existing Clients	Jan. 31	MT

Chart Hove A/S

Duration

Period

More charts

Company Profile

Hove A/S is a Denmark-based supplier of lubrication solutions for the wind industry and other heavy machinery. The Company's solution consists of a lubrication pump, hose set, quick couplings / lubrication nipples and containers with grease. In addition to Hove's hardware products, the Company has over the last few years worked intensively to develop a software solution that communicates with Hove's pump and thus ensures that the lubrication takes place correctly, and at the same time tracks the work that has been done.

Sector

Industrial Machinery & Equipment

More about the company

Income Statement Evolution

More financial data

Sector Other Industrial Machinery & Equipment

	1st Jan change	Capi.
HOVE A/S	-20.06%	18.21M
ATLAS COPCO AB	+15.82%	89.02B
PARKER-HANNIFIN CORPORATION	+16.76%	69.14B
INGERSOLL RAND INC.	+25.77%	39.25B
XYLEM INC.	+21.04%	33.56B
FORTIVE CORPORATION	+2.66%	26.61B
FANUC CORPORATION	+7.11%	26.61B
SANDVIK AB	+0.55%	26.12B
DOVER CORPORATION	+19.97%	25.36B
TECHTRONIC INDUSTRIES CO. LTD.	+2.79%	22.36B

Other Industrial Machinery & Equipment