Brief: Hove Cuts Revenue, EBITDA Guidance For 2024

Hove A/S

22/08/2024 14:42

Aug 22 (Reuters) - Hove A/S  HOVE.CO :
    * ADJUSTMENT OF GUIDANCE FOR FINANCIAL YEAR 2024
    * RESULT FOR YEAR IS EXPECTED TO BE REVENUE OF 160-175
MILLION DKK
(PREVIOUSLY ANNOUNCED REVENUE 185-215 MILLION DKK)
    * EXPECTS FY EBITDA OF DKK 12-16 MILLION. (PREVIOUSLY
ANNOUNCED
EBITDA OF DKK 17-23 MILLION)
    * ADJUSTMENT DUE TO: LOWER THAN EXPECTED SALES OF
LUBRICANTS,
DELAY IN SALES TO HARBOUR TERMINALES, CANCELLATION OF MAJOR
ORDER IN BRAZIL, INCREASED SALARY COST
    * MANAGEMENT DOES NOT BELIEVE THAT DECLINE IN LUBRICANTS IS
DUE TO
ANY CHANGED COMPETITIVE CONDITIONS

Source text: https://mfn.se/nir/a/hove/adjustment-of-guidance-for-the-financial-year-2024-82c7c8eb
Further company coverage:  HOVE.CO 

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