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Hove (HOVE) investor relations material
Hove Q1 2026 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Achieved record Q1 revenue of DKK 81.2M, up 42% year-over-year, driven by strong wind turbine segment sales and favorable USD exchange rate movements.
Gross profit rose to DKK 26.3M, though gross margin declined to 32.3% due to sales mix changes.
EBITDA increased 36% to DKK 13.0M, with margin at 16.0%, reflecting revenue growth and higher costs from organizational expansion.
Net profit reached DKK 9.8M, up 40% compared to Q1 2025.
Subsidiaries in the US, India, and Turkey all contributed positively, with Hafnia Pumps preparing a new product launch.
Financial highlights
Revenue: DKK 81.2M (Q1 2026) vs. DKK 57.2M (Q1 2025), +42%.
Gross profit: DKK 26.3M (Q1 2026) vs. DKK 21.0M (Q1 2025), +25%.
EBITDA: DKK 13.0M (Q1 2026) vs. DKK 9.6M (Q1 2025), +36%.
EBIT: DKK 12.5M (Q1 2026) vs. DKK 9.2M (Q1 2025), +35%.
Net profit: DKK 9.8M (Q1 2026) vs. DKK 7.0M (Q1 2025), +40%.
Outlook and guidance
Maintains full-year 2026 guidance: revenue DKK 210–240M, EBITDA DKK 22–29M.
High Q1 activity partly attributed to customers bringing purchases forward amid geopolitical uncertainty.
- Record revenue, profit, and margin growth drive higher dividend and continued investment.HOVE
Q4 202527 Mar 2026 - Q3 2025 saw robust revenue and profit growth, prompting upgraded full-year guidance.HOVE
Q3 202517 Nov 2025 - Record revenue and profit growth in H1 2025, with upgraded guidance and strong cash flow.HOVE
H1 202515 Aug 2025 - Revenue and profit fell, but strategic actions and new market entry aim to drive recovery.HOVE
H1 202413 Jun 2025 - Net profit up 58% despite 9% revenue drop; extraordinary dividend proposed for 2024.HOVE
H2 20249 Jun 2025
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