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Kempower expands its service offering with new packaged solutions

KEMPOWRAnalyst Comment23.10.2026 klo 08.50
Pauli LohiAnalyst
Discuss

Summary

  • Kempower is expanding its service offering with new service packages based on maintenance agreements, aiming to transition from an equipment supplier to a total solutions provider.
  • The company targets increased service revenue to strengthen long-term profitability, although the short-term earnings impact is expected to be minor.
  • The new service packages will initially be available in the Nordics, Benelux, France, the UK, and North America, where Kempower has a significant market presence.
  • Services accounted for approximately 5% of Kempower's revenue over the past 12 months, with a 37% year-on-year increase, primarily from ChargEye software and spare parts sales.

This content is generated by AI. You can give feedback on it in the Inderes forum.

Translation: Original published in Finnish on 10/23/2026 at 7:40 am EEST.

Kempower announced on Thursday that it is expanding its service offering with new service packages based on maintenance agreements.  The launch is a logical step in the company’s strategy to evolve from a pure equipment supplier into a total solutions provider and to increase the role of aftermarket services.  Growing service revenue is key to strengthening long-term profitability, even though the earnings impact will still be minor in the short term.

We see demand for services that ease customers’ operations – especially among retail chains, for which charging is not a core business. Profitability may be low in the early stages, before sufficient service customer density has been built in each region.  In the first phase, the service packages will be available to Kempower’s customers in the Nordics, the Benelux countries, France, the UK, and North America, markets in which we estimate Kempower has a good share of equipment sales (close to 10% or more).

Over the past 12 months (Q3'25–Q2'26), services accounted for ~5% of Kempower’s revenue (up 37% year-on-year), consisting mainly of ChargEye software revenue and spare parts sales.  The news prompts no forecast changes, but we will follow with interest how the launch affects service revenue growth going forward.

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Kempower operates in the industrial sector. The company is a developer of charging solutions and services aimed at the automotive sector. The range mainly includes charging posts, stations, sockets, and associated electronic equipment. In addition to the main business, various after-sales services and technical support are offered. The largest operations are found in the Nordic region and parts of Europe.

Read more on company page

Key Estimate Figures01.10.

202526e27e
Revenue251.3299.0305.0
growth-%12.3 %19.0 %2.0 %
EBIT (adj.)-12.41.08.3
EBIT-% (adj.)-4.9 %0.3 %2.7 %
EPS (adj.)-0.190.010.11
Dividend0.000.000.00
Dividend %
P/E (adj.)neg.931.449.6
EV/EBITDAneg.19.413.1

Forum discussions

I noticed today that in the parking lot of the local S-market, where a charging hub is under construction, the units didn’t look externally ...
16 minutes ago
0
One thought on this. The previous Capital Markets Day was relatively recently, at the end of May. I don’t believe the company’s core message...
8 hours ago
3
Kempower has been in a slump for so long that you could certainly expect some kind of information or communication from the company about how...
12 hours ago
by Ehemot
3
It was actually a surprise to me that Faast uses Kempower’s standalone chargers. An interesting solution. The picture is from Faast’s website...
yesterday
by Sinuhe
6
Yeah, I noticed that too. Could that be the first one in Finland, then? So now Alpitronic’s satellite solution is demonstrably in use in Finland...
11/9/2026, 10:32 PM
by Sinuhe
4
At least it looks like Kempower’s satellite is narrower, which makes it better suited for tight parking garages It seems S Group is also using...
11/9/2026, 6:47 PM
by Antti86
2
No, at Prisma Kaleva it was indeed the HYC1000 (site opened on 28 Oct; XPeng charging data on 9 Nov). Welcome to test the new HYC1000 chargers...
11/9/2026, 4:20 PM
4