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- Kempowerin liikevaihto kasvoi vuonna 2025 12 % ja oli 251,3 MEUR, kun taas tilauskertymä kasvoi 39 % ja ylitti 300 MEUR. Operatiivinen EBIT parani 14 MEUR ja operatiivinen EBIT-marginaali vahvistui 6,9 prosenttiyksikköä.
- Yhtiön mukaan markkina-asema vahvistui erityisesti Euroopan Pohjoismaiden ulkopuolella ja Pohjois-Amerikassa. Pohjois-Amerikassa tilauskertymä kasvoi 137 % ja liikevaihto 49 % vuonna 2025, ja alueen liikevaihto nousi lähes 30 MEUR:oon.
- Vuoden 2026 ensimmäisellä neljänneksellä liikevaihto kasvoi 54 %, tilauskertymä 16 % ja operatiivinen EBIT parani 11,6 prosenttiyksikköä. Yhtiö kertoi myös kassavirran parantuneen 6,4 MEUR vuotta aiemmasta ja tilauskannan kasvaneen vertailukaudesta.
- Kempower piti vuoden 2026 ohjeistuksensa ennallaan ja odottaa 10–30 %:n liikevaihdon kasvua sekä merkittävää parannusta operatiiviseen EBIT:iin. Yhtiö aikoo jatkaa investointeja palveluihin, teknologiaan ja myyntiin.
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It is uh dear shareholders, dear board members, it is truly my honor and an exciting moment for me to be standing here in front of you uh for the first time uh delivering the annual shareholder uh presentation. So so thank you for your trust and your interest in Kempower, and um I will start with um a brief overview about Kempower, and then we'll go into 2025 results and uh talk about that. And briefly, since we just uh concluded the first quarter, we'll talk uh I'll talk a little bit about the Q1 results as well. So starting with Kempower, as you all know, ChemPower is one of the leaders in DC fast charging solutions. As we think about the installed base, over 30,000, now close to 33,000 charge points all around the world, delivering 1.9 billion plus kilowatt hours of electricity into cars. Think about all the emissions taken off the road and off our planet. 800 plus employees with 40 plus nationalities. is a truly diverse uh company and uh 251 million euros in revenues last year and uh we do rely on uh our service partners as an extension of Kempower, and we have 150 service partners uh around the world. What we have focused on is our core is DC fast charging and that's what we are committed to and powering the e-mobility across segments. So you think about DC fast charging which typically is over 50 kilowatts, we focus over 150 kilowatts or more and that is across all the segments. And with our solutions we can charge cars from... um an approximately ten percent state of charge to eighty percent plus in thirty minutes or any kind of other vehicles across these segments. We are the leader in distributed charging uh which allows uh uh us to be uh you know modular, scalable uh and intelligent solutions. You think about distributed with the with the satellite system, it is a more reliable system, you know, given its modularity. And uh we do pride ourselves on being one of the most intelligent solutions in the market with the ChargEye software, which is a software as a service based platform. Innovation is in Kempower's DNA and we are continuously innovating to stay at the forefront as the technology leader. The charging sites are increasingly becoming larger where you saw charge points of four or more at a site. Now those are becoming 10, 12, 30 charge points. There are sites that are becoming higher powered with truck charging increasingly in focus as e-mobility gets to that segment as well. Also, charging sites of the future and now are increasingly becoming integrated with battery storage systems that allows for, you know, being able to optimize energy costs given the time of use and the pricing of energy across different grids. All of these are not just concepts, these are things that we are launching and products that we are launching to be able to address these things. So, you think about larger sites, the More Power More Plugs solution that we launched in 2025 allows us to go up to twelve charge points at a site with one power unit. With the higher power for truck charging, we launched the megawatt charging system, which is the new standard for truck charging. And trucks are increasingly becoming electric. The total cost of ownership works much better for trucks in a high utilization environment where the fuel costs are increasing, especially given the oil price shock that we see now with the geopolitical developments. Battery integration, we are already doing sites where we have pilots and that are running with battery storage integrated. It's a good demonstration of the innovation that we are continuing to invest in and that Vesa referenced will allow us to be at the forefront for the years to come. All of this is demonstrated by the trust that customers are putting in us across the segments, across geographies, across different use cases. You look at some of the names on this page, those names represent key customers around the world that are putting their trust. Think about in charge point operators, big players such as Circle K, Recharge, PowerDot, some of the leaders in Europe, Revel, one of the leaders in North America in the US. Yes, these are our customers. You look at other fleets, DHL, EV Realty, Asco, they're on the fleet and the truck side, these are our customers. Also in ports, that is a great area of opportunity for us going forward, where ports are getting increasingly electrified with the different... sort of vehicles that move containers in a port that are getting electric. We were actually in California a few weeks back where we saw all of that in action in real time. And here DP World, one of the largest port operators in the world, is one of our customers. And we have the largest megawatt charging site with DP World in the London port. And we are doing all of this with a team and a culture, you know, one of the things that I'm most excited about and more proud about is, you know, we're building a winning team and culture. And you see the executive leadership team here. We actually have an exciting new addition to our team, Katri Piirtola, who's joined us from Kone as the chief service and aftermarket officer. If you just raise your hand, Katri, for everyone to see. So welcome to welcome to Kempower. That this is day three for Katri, so exciting for us, for her to be joining us. So that's a little bit about Kempower, starting now next going to 2025 and what we were focused on and what we accomplished. So 2025 was a pivotal year for us. After a tough 2024, the focus for us last year was returning to growth as a company. And then strengthening our market and technology position. And then starting to demonstrate and execute with discipline. Financial discipline and cost excellence. So how did we do return to growth? We did return to growth. For the full year we delivered 12% revenue growth. If you look at the second half of last year, we delivered 17% revenue growth in the second half. Record order intake in the fourth quarter. which gave us a good position and a platform to start 2026, which I'll talk about in a couple of minutes. Strengthening market and technology position, we are gaining share. You know, the market has been tough, but despite that tough market, you can see that the revenue growth is, you know, we continue to add new customers, which is a demonstration of the share that we are winning in the market. With extending our technology leadership in DC fast charging, you know, I talked about a couple of the examples, more power, more plugs, megawatt charging for trucks. Those are all examples of how we are leading with technology. And then financial discipline and cost excellence. We committed to improve our operative EBIT significantly, which we did and I'll talk about the numbers here shortly, so significant improvement in operative EBIT. We also recognize that this is a very competitive market. We are leading with technology differentiation, however we also need to focus on cost. So we launched a program in the second half of last year to drive product cost reduction so that we can also compete through cost excellence. A few key figures for 2025, we crossed 300 million in order intake. So that was a milestone for us as a company. Revenue, we ended at 251.3 million which was a growth of 12%. By the way, order intake grew 39% which is a good indicator of future growth. Operative EBIT improved by 14 million Euros and the operative EBIT margin improved by 6.9 percentage points. So on all the key indicators of uh you know revenues, future growth through order intake, operative EBIT uh we improved last year. We look at some of our regions, Europe, strong growth outside of Nordics. We know Nordics as a region led in EV adoption as well as charging infrastructure deployment over the last few years. We're starting to see some normalization in demand there. So as a result, that affected us. We are the leader in Nordics in terms of share position. But that, so you see a little bit of decline there in both order intake. intake and revenues, but despite that across Europe we grew order intake by 24% as w uh uh and revenue by 5%, powered by our growth outside of the Nordics. Some of the key customer wins are Allego, one of the leaders, leading charging point operators, is one of our customers now. And we're very excited about the growth opportunities there, as well as in the commercial vehicle and the trucking market, ASCO is a key customer that now has MCS, megawatt charging systems deployed and operating. North America. We are gaining share. We started in North America in late 2023. And you look at the numbers, the order intake and revenue, 137% growth in order intake and revenue growth of 49%. We are adding new customers such as Blink Charging, one of the largest charge point operators in the US as well as one of the largest technology companies. We cannot disclose the name, but one of the largest technology companies that has trusted Kempower for solutions for its own captive bus fleet. The performance in the U.S. was one of the highlights of 2025 and also in 2026, as I'll talk about here shortly. I mentioned we started in 2023. We started production and so a little bit late entrant to the market, but so we've got a lot of, you know, opportunity to catch up and outpace the market in North America. So whatever the market does, we will, our goal is to grow faster than the market. because we have ample market share gain opportunities. Our revenues hit close to 30 million Euros for the year in 2025, and you see the order intake line quite close to double of our revenue, which gives us confidence that we will continue to grow. In terms of impact and sustainability, we are a green company. We are proud to say that, and we believe in that. And all of the operations reflect that. So Sana and the team, our chief operating officer, very proud to say that, look, we were rewarded with EcoVadis Gold, which is reserved for the top 5% of the companies that are rated by EcoVadis. The previous business that I was in at Carrier, we... celebrated when we were bronze. And so we have stepped it up here with Kempower even one level higher. Cyber security leadership, it's becoming even increasingly important for our solutions to be secure. In this day and age with very sophisticated hackers, these type of solutions give comfort to our customers that their solutions and our products are very secure. And we got the ISO 27001 certification, a very rigorous certification. rigorous certification that takes uh, you know, a fair bit of time and effort and we achieved that for the second year in a row. And 2x energy delivered. At the end of the day, all of our purpose is to reduce emissions and to help the transition to a sustainable world and a sustainable energy and more than doubling the energy delivered, electricity delivered. So that is all equivalent to CO2 and carbon dioxide and emissions that we are taking off the road in the planet. Lastly, I'll try uh to be quick and conclude with the 2026 Q1 results here. Uh overall uh I'd say a a strong start to the year. Strong revenue growth. Uh North America was a was a standout in the first quarter. Uh we our our revenue grew by f uh 54 percent for the full company and North America tripled. We held gross margins flat sequentially. What that means versus Q4, we were roughly about the same. And we have significant operative EBIT improvement versus last year. And the order backlog also increased versus last year at the same point. Perhaps just a quick look at the numbers here. Revenues up 54%. and operative EBIT up 11.6 percentage points for this year, for this quarter. Quick update on how the market is doing. So this is a look at uh the new B.E.V. registration, so battery-electric vehicles. How many more battery vehicles are being added on to the road. In the first uh quarter, what we see here is a strong growth in Europe. 26% more battery electric vehicles were registered in Europe in the first quarter here versus the same period last year. In North America we saw a different trend, you know, down 27% where we know because of the expiration of the federal subsidies for electric vehicles, they expired back in September of 2025. And we are seeing a result of a drop in demand because of that. There was a spike in demand just prior to September as customers rushed to take advantage of those expiring incentives. In terms of new public DC fast charging installations, which is more a direct indicator of our market. In Europe, up 56 percent. So there is now return to growth for the operators that are putting in charging points around Europe. So that's a good sign. There's good market developments that support our market. Europe, there's three billion plus of incentive programs that were announced earlier this year in Germany, another billion pounds in the UK which support the fundamental growth of the electric vehicles. And commercial vehicles I'd say is another big opportunity area and e-trucks and e-buses in the fourth quarter that data comes with a little bit of lag. in the fourth quarter of 2025. That grew 52% versus the prior year. That gives us confidence as well. Our solutions are very, very well suited and we are amongst the leaders in that space. So as that segment grows and infrastructure is needed, we are well positioned there. Quick look at the financial highlights for the first quarter. Order intake grew 16 percent, revenues up 54 percent, profitability up 11.6 percentage points. A quick note on that gross margins we held sequentially flat. And what this shows is revenues up 54 and we didn't have to grow our fixed costs as much to be able to do that. So that's operating leverage. That's really. really starting to drive. So, and then cash flow, we are being disciplined and we drove 6.4 million. improvement in cash flow year on year. We talk about our strategic priorities, delivering now and also continuing to position us for the future. Here's the four things that are very important, winning with customers, continuing to focus on differentiated technology through innovation, driving operational excellence and cost excellence in everything that we do and a winning team and culture. We made measurable progress on all these fronts. Eight new customers added, ChargEye platform. continuing to push out new features, new analytics that gives our customers and fleet operators great tools to be able to optimise their operations. Operational excellence, I talked about the product cost reduction programme, that's starting to now materialise and show up in our P&L as cost improvements. And winning culture and team, we rolled out a new organisation structure, I talked about Katri joining us, much clearer accountability, more decision speed. And all of this aligned to our strategic areas of focus. For the full year 2026, our outlook is unchanged. What we communicated earlier this year in terms of our target for this year is to deliver 10 to 30% of revenue growth and significant improvement in operative EBIT, which last year was negative 12.4 million. We will continue to invest in the strategic areas of focus. Those are service, technology and sales. As Vesa mentioned, these are important for us to continue to strengthen our long-term position in this market. And yeah, in a nutshell, I would say, yeah, the Q1 results give us a good foundation and we keep the same guidance pending visibility on Q2 and the mix. I thank you all for uh for joining us and uh appreciate any questions at the end of the presentation.
Kempowerin yhtiökokous | Toimitusjohtajan katsaus 6.5.2026

Toimitusjohtaja Bhasker Kaushalin katsaus Kempowerin yhtiökokouksesta 6.5.2026.