Hove A/S, which develops and produces advanced, automated lubrication solutions for heavy industrial machinery, primarily for the wind turbine industry, has presented its plans and expectations for 2026, where the company aims to create a foundation for future growth and higher earnings. Hove A/S states this in a company announcement.
In 2026, Hove will implement a major investment program, which includes, among other things, the construction of a new factory with a fully automated grease filling plant on Lolland. The plant is expected to be operational in Q3 2026. In addition, the company is conducting due diligence on an investment in a new building and factory in Pune, India, where the current capacity is fully utilized after several years of strong growth. The Indian factory is expected to be ready in Q2 2026 and will be able to serve the entire APAC region.
"The two investments are expected to be in the order of DKK 20 million. Both investments will negatively affect Hove's cash flow and ROIC in the short term, but will contribute positively to cash flow and ROIC in the medium term," Hove writes in the announcement.
In addition to the investments in production capacity, Hove will continue to expand the sales and development organization with a view to increasing sales of both pumps and grease. The company also plans to launch new pump types, update existing products, maintain sales and marketing efforts within the lubrication of cranes in port terminals and further develop the Hove Smart Lube service concept.
On this basis, Hove expects revenue of DKK 210–240 million in 2026 against DKK 200–210 million. DKK in 2025. EBITDA is expected to land at DKK 22–29 million in 2026 compared to DKK 21–24 million the previous year. The guidance for 2026 is based on, among other things, continued growth in the OEM segment for wind turbines, unchanged US tariffs, stable business conditions for customers and a dollar exchange rate close to the current level, according to Hove.
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