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Hove
Hove (HOVE) investor relations material
Hove Q3 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q3 2025 earnings summary17 Nov, 2025
Executive summary
Q3 2025 revenue reached DKK 57.0 million, up 28% year-over-year, with YTD revenue at DKK 165.3 million, a 27% increase driven by strong wind turbine segment sales.
Gross profit for the first nine months rose to DKK 57.2 million, but gross margin declined to 34.6% from 38.3% due to a higher share of private label sales.
EBITDA for Q1–Q3 2025 was DKK 20.6 million, up 45% year-over-year, with an improved EBITDA margin of 12.4%.
Net profit for Q1–Q3 2025 was DKK 13.4 million, a 32% increase compared to the same period last year.
US and India subsidiaries delivered positive cash flow, while Turkey was impacted by seasonal fluctuations; Brazil liquidation is on track for completion by year-end.
Financial highlights
Revenue for Q1–Q3 2025: DKK 165.3 million (Q1–Q3 2024: DKK 130.3 million).
Gross profit: DKK 57.2 million (Q1–Q3 2024: DKK 50.0 million).
EBITDA: DKK 20.6 million (Q1–Q3 2024: DKK 14.2 million).
EBIT: DKK 19.0 million (Q1–Q3 2024: DKK 13.1 million).
Net profit: DKK 13.4 million (Q1–Q3 2024: DKK 10.1 million).
Outlook and guidance
Upgraded 2025 revenue guidance to DKK 200–210 million (previously DKK 180–200 million).
Upgraded 2025 EBITDA guidance to DKK 21–24 million (previously DKK 15–20 million).
Explain gross margin decline vs EBITDA margin rise
Update on international growth strategy
Impact of NWC on Q3 cash flow and YTD FCF
Partial view of Summaries dataset, powered by Quartr API
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Latest events from Hove
- 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.HOVEH1 202413 Jun 2025
- Net profit up 58% despite 9% revenue drop; extraordinary dividend proposed for 2024.HOVEH2 20249 Jun 2025
Next Hove earnings date
Q4 202527 Mar, 2026
Hove
Next Hove earnings date
Q4 202527 Mar, 2026
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