contentSlug

type

ContentSlug_ContentQuery

slug

ContentPageContentQuery

content

trendingContent

query ContentSlug_ContentQuery(
  $contentSlug: String!
  $type: [ContentType!]
) {
  ...ContentPageContentQuery_13QmVO
}

fragment CompanyDetails_Content on Content {
  __isContent: __typename
  companies {
    name
    description
    pageUrl
    id
  }
}

fragment ContentBasicInfo on Content {
  __isContent: __typename
  id
  type
  title
  lang
  companies {
    viewerIsFollowing
    id
    name
    pageUrl
  }
  tags {
    viewerIsFollowing
    id
    name
    pageUrl
  }
  ...PublishingDetails
  ...Reactions
}

fragment ContentMetadata on Content {
  __isContent: __typename
  type
  title
  lang
  pageUrl
  alternatePageUrls: translations {
    __typename
    pageUrl
    lang
  }
  imgUrl
  description
  ... on Video {
    liveTime
    videoUrl
  }
  ... on Webcast {
    liveTime
    videoUrl
  }
}

fragment ContentPageContentQuery_13QmVO on Query {
  content(slug: $contentSlug, type: $type) {
    __typename
    id
    type
    title
    isPremium
    lang
    htmlBody
    summary
    companies {
      forum {
        latestPosts {
          ...ForumPosts
        }
      }
      name
      id
      viewerIsFollowing
      pageUrl
      defaultInstrument {
        isin
        id
        marketOpen
        marketClose
        marketplace {
          region
        }
        returns {
          total
        }
      }
    }
    tags {
      viewerIsFollowing
      id
      name
      pageUrl
    }
    createdAt
    ... on Video {
      liveTime
    }
    ... on Webcast {
      liveTime
    }
    slug
    ... on CompanyReport {
      reportUrl
    }
    ... on ThirdPartyCompanyReport {
      reportUrl
    }
    ... on StockExchangeRelease {
      reportUrl
    }
    ...ContentBasicInfo
    ...ContentMetadata
    ...PriceAndRecommendation_Content
    ...CompanyDetails_Content
    ...ReportLink_Content
    ...KeyFigures_Content
  }
  ...TrendingContent_1jQ2Cn
}

fragment ForumPosts on ForumPost {
  text
  likesCount
  url
  author
  postedAt
  authorImgUrl
}

fragment KeyFigures_Content on Content {
  __isContent: __typename
  companies {
    defaultInstrument {
      estimateData {
        modelType
        reportingCurrency
      }
      snapshot {
        transaction {
          date
          actualized {
            year
            quarter
            revenue
            revenueGrowth
            ebitAdjusted
            ebitReported
            ebitda
            enterpriseValue
            epsAdjusted
            dividend
            dividendYield
            sharePrice
          }
          estimates {
            year
            quarter
            revenue
            revenueGrowth
            ebitAdjusted
            ebitReported
            ebitda
            enterpriseValue
            epsAdjusted
            dividend
            dividendYield
            sharePrice
          }
        }
      }
      id
    }
    id
  }
}

fragment PriceAndRecommendation_Content on Content {
  __isContent: __typename
  createdAt
  companies {
    name
    pageUrl
    defaultInstrument {
      priceData {
        tradeCurrency
      }
      snapshot {
        priceData {
          date
          lastPrice
          tradeCurrency
        }
        transaction {
          date
          recommendation
          targetPrice
        }
        prevTransaction {
          recommendation
        }
      }
      id
    }
    id
  }
}

fragment PublishingDetails on Content {
  __isContent: __typename
  createdAt
  publishers {
    name
    imgUrl
  }
  authors {
    __typename
    id
    name
    slug
    imgUrl
    jobTitle
  }
  ... on Video {
    liveTime
  }
  ... on Webcast {
    liveTime
  }
}

fragment Reactions on Content {
  __isContent: __typename
  id
  reactionGroups {
    reactionType
    reactionsCount
    viewerReacted
  }
}

fragment ReportLink_Content on Content {
  __isContent: __typename
  type
  isPremium
  ... on CompanyReport {
    reportUrl
  }
  ... on ThirdPartyCompanyReport {
    reportUrl
  }
  ... on StockExchangeRelease {
    reportUrl
  }
}

fragment TrendingContent_1jQ2Cn on Query {
  trendingContent(type: ARTICLE) {
    __typename
    id
    title
    lang
    pageUrl
    createdAt
    type
    imgUrl
    companies {
      squareLogoUrl
      name
      id
    }
    authors {
      __typename
      imgUrl
      id
    }
    publishers {
      imgUrl
    }
  }
}


__typename

title

isPremium

lang

htmlBody

summary

companies

createdAt

publishers

authors

reactionGroups

pageUrl

translations

imgUrl

description

Analyst

Pauli Lohi

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.

Excellent article on Yle about the mainstreaming of electric vehicles; for example, in Finland, it has happened faster than predicted. A researcher who has studied attitudes says: “I would bet that for electric cars, we are starting to reach the stage where this begins to socially explode.” This means that electric driving is becoming the social norm. The one-minute video included in the article, featuring interviews with a couple of electric vehicle owners, is also nice; one mentions having driven for over 40 years and rediscovering the joy/pleasure of driving through an electric car.                   Yle Uutiset – 22 Dec 25              Näin insinöörikansan mieli muuttui – sähköautot yleistyvät Suomessa paljon...    Tervetuloa matkalle Ykköstietä pitkin Helsingistä Turkuun. Matkalla selviää, miksi sähköautot ovat menossa ensi vuonna ohi bensa-autoista.

Inderes              Kempower aloittaa yhteistyön Australian ja Uuden-Seelannin johtavan...    Kempower on allekirjoittanut uuden sopimuksen Australian ja Uuden-Seelannin johtavan liikennepolttoaineiden toimittajan Ampolin kanssa DC-pikalatausratkaisujen toimituksista Ampolin sähköautojen...                             Kempower has signed a new agreement with Ampol, Australia and New Zealand’s leading transport fuel supplier, for the delivery of DC fast charging solutions to Ampol’s electric vehicle charging network. The collaboration strengthens the availability of reliable high-power charging for Ampol’s customers.

The United States (NY) will soon get 5 new Kempower charging sites:                   linkedin.com              #dcfc #fastevcharging #kempower #teslaandnon #rivian #bmw #mercedesbenz...    ⚡️ Angelo E., we hear you, we agree with you, and we are doing something about it . . . literally walking the talk!  Within the next 2 weeks, Get Charged Fast EV Charging LLC will be lighting up its first 8 space DCFC facility at 259-01 Union...

There is plenty of growth ahead, both long-term and aggressive. In Norway, practically all cars sold are electric. Yet, only 30% of the car fleet is electric. This means at least 3x the number of chargers is needed. In a tiny country like Finland, only 5-6% of the car fleet consists of electric cars. Gemini 3.0:  Current Situation (12/2025) Finland’s electrification is well underway, but we are only at the starting line regarding infrastructure:   Battery Electric Vehicles (BEV): approx. 154,000 units (5.6% of the car fleet).   Charging sites (Hubs): 688 units.   Charging cables (CCS): 3,736 units.   Ratio: approx. 41 BEVs per one high-power charging point (CCS). (>150 kW)    Upcoming Task and Schedule To maintain the current service level as the car fleet electrifies, new infrastructure must be built as follows: 1. Scenario: 50% electric cars (approx. 1.4 million BEVs)   When: approx. in the year 2040 (15 years from now).   Need: A total of approx. 44,350 cables and 8,200 sites.   New to be built: approx. 40,600 cables and 7,500 sites.   2. Scenario: 100% electric cars (approx. 2.75 million BEVs)   When: approx. in the years 2050–2055 (30 years from now).   Need: A total of approx. 88,700 cables and 16,400 sites.   New to be built: approx. 85,000 cables and 15,700 sites.   In summary: Finland must more than 23-fold (+2,274%) its current high-power charging network over the next three decades. This means installing an average of about 2,800 new fast-charging points every single year from this moment until 2055.  This is just in Finland with 5 million inhabitants. Calculate from that what it means on the scale of Europe, America, or the world outside of China.  I wouldn’t be selling my shares anytime soon, even if the price jumped 100%. (On top of this: ports, HDV [Heavy Duty Vehicles], etc.)

A report on the big picture of electric mobility from Ember in the UK a few days ago. Strong growth is underway.                   Ember              The EV leapfrog - how emerging markets are driving a global EV boom | Ember    Growth in emerging markets has turbocharged global EV sales in 2025, with over a quarter of new cars sold being electric.                             Direct link to the report (13 pages, pdf): https://ember-energy.org/app/uploads/2025/12/The-EV-leapfrog-PDF.pdf

This is an excellent question and the answer is simple and concise. A satellite-based system distributes the power of the entire grid connection among all chargers. An operator can install 5 Alpitronic HYC400 chargers, which distribute the power of a 2000 kW connection based on a 200/200 kW principle within a single charger. Kempower distributes that same 2000 kW power among all chargers. As electric vehicles become as common elsewhere in the world as in the Nordics, 16.7% (weighted average) will no longer be enough with standalone units. Furthermore, even in this relatively small 10-car hub, a lot of electricity remains unsold. It is unlikely that all 10 cars would ever accept 200 kW of power simultaneously. If, instead, 20 Kempower chargers are installed with 25 kW power allocation (cf. 50 kW in Alpitronics and only between two cars), the efficiency of the connection is on a completely different level. The grid connection is, however, one of the most expensive running costs. Additionally, if one power module happens to break, it hardly has an impact. With standalone chargers, you would need to know which charger is faulty and which ones provide full power. A satellite is cheap to repair if someone crashes into it with a snowplow. It’s much easier to upgrade the number of satellites; they take up less space, and it’s easy to add power to the central unit as the hub grows.  This is also what happens with Alpitronics, but a car at charger 1 won’t get any extra speed if a car leaves charger 2 or 3—unlike in Kempower’s system where power is limited and RELEASED in 25 kW blocks. At least in Finland, I’ve never managed to get the connection to limit the power with a Tesla at these >1 MW hubs, even when the hub has occasionally been full. At 600 kW hubs, occasionally for a moment.  Cars rarely arrive to charge at the same time, and for many cars, after just 10-15 minutes of charging, the power starts to drop and is released for the next ones. With Alpitronic, the car reserves 50/100/150/200 kW from the charger depending on which of these power levels has been exceeded. That’s also why Alpitronic has brought the HYC1000 system to market, but it has 1000 kW vs. 1200 kW (Kempower), 62.5 kW power distribution vs. 25 kW, 8 charging spots vs. 12, etc.

Why is that modular structure better than individual chargers?  Is it a more cost-effective solution (per charging point)? Easier to build in terms of infrastructure when the power electronics are in only one place. Are the satellites “lighter”? If the site is empty, is the power (charging speed) of a single point higher? But if the site is, for example, half full, does the charging power of a single point drop rapidly?  Am I on the right track at all?

Kempower

We expect Kempower to deliver a strong fourth quarter in terms of earnings and revenue. We believe there is more uncertainty about the growth in order intake, as market-level investment in transport electrification appears to be leveling off after a strong period.

<p>We expect Kempower to deliver a strong fourth quarter in terms of earnings and revenue. We believe there is more uncertainty about the growth in order intake, as market-level investment in transport electrification appears to be leveling off after a strong period. We made cuts to order intake and growth forecasts for 2024-25. </p> 

	2022	23e	24e
Revenue	103.6	296.8	394.8
growth-%	278.1 %	186.5 %	33.0 %
EBIT (adj.)	6.7	53.3	63.3
EBIT-% (adj.)	6.5 %	17.9 %	16.0 %
EPS (adj.)	0.07	0.79	0.89
Dividend	0.00	0.00	0.00
Dividend %
P/E (adj.)	283.3	18.0	15.9
EV/EBITDA	117.9	11.8	9.0

Kempower: Demand growth slowed in Europe

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Key Estimate Figures09.02.2024

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