Announcement • 4h
Kempower Corporation Revises Earnings Guidance for the Year 2026 Kempower Corporation revised earnings guidance for the year 2026. For the year, the company expects revenue is to grow between 10%–25% compared to year 2025, assuming no major impact from foreign currency exchange rates against revenue for 2025 of EUR 251.3 million as compared to previously expected revenue growth between 10%–30% compared to year 2025. 2026 operative EBIT is expected to improve significantly compared to year 2025 against operative EBIT for 2025 loss of EUR 12.4 million. New Risk • Jul 15
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of German stocks, typically moving 8.1% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. This is currently the only risk that has been identified for the company. Announcement • Jun 15
Kempower Corporation Announces Appointment of Janne Kuivalainen as Chief Technology Officer, Effective October 2026 Kempower Corporation had appointed Janne Kuivalainen as Chief Technology Officer and member of Kempower Global Leadership Team, effective October 2026. Janne Kuivalainen brought to Kempower extensive experience in global technology leadership, electrification, power electronics, and product development, with over 25 years of experience in international industrial environments. Janne Kuivalainen joined Kempower from Danfoss Power Electronics and Drives, where he had served as CTO & Head of Technology, responsible for the strategic development of a global product portfolio, technology roadmap, and technology operations across multiple business divisions. In this role, he led international teams across several countries and drove major product portfolio and product platform strategy initiatives, including scaling software platform development capabilities and AI-driven engineering productivity. Prior to this, he held the position of Senior Vice President, Global Product Management & Development at Danfoss Drives, where he led a sizable global R&D organization and was responsible for delivering next-generation product platforms. Earlier in his career, Kuivalainen held several senior leadership roles at ABB and Vacon. Buy Or Sell Opportunity • Jun 05
Now 22% undervalued Over the last 90 days, the stock has risen 5.5% to €13.36. The fair value is estimated to be €17.15, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 7.7% over the last 3 years. Meanwhile, the company became loss making. Announcement • May 27
Kempower Appoints Sami Teininen as Chief Information Officer, Effective August 2026 Kempower Oyj announced that Sami Teininen will join Kempower as Chief Information Officer and member of its global management team starting August 2026. Sami Teininen has extensive experience in global IT management, digital transformation, and business technology development. Sami Teininen is moving to Kempower from Fastems, where he served as Chief Information Officer responsible for global IT strategy, administration, cybersecurity, data and analytics, and digital transformation. Before Fastems, he worked in various IT leadership roles at Nokian Tyres, responsible for global IT operations, service management, and extensive IT and process development programs, and also held IT leadership positions in North America. Members of Kempower's management team, May 2026: Bhasker Kaushal, CEO Jukka Kainulainen, CFO Monil Malhotra, North America Director & Head of Digital Solutions Sanna Otava, COO & Technology Director (interim) Hanne Peltola, HR Director Katri Piirtola, Head of Services and Aftermarket Sami Teininen, CIO (from August 2026) Jussi Vanhanen, Product Director Mathias Wiklund, Sales Director. Announcement • Jan 08
Kempower Corporation Appoints Katri Piirtola as Chief Services and Aftermarket Officer and Member of Kempower Global Leadership Team, Effective May 2026 Kempower Corporation has appointed Katri Piirtola Chief Services and Aftermarket Officer and member of Kempower Global Leadership Team, effective as of May 2026. Katri Piirtola joins Kempower with more than 20 years’ experience in global industrial technology companies, in roles including customer experience, services growth, strategic transformation, and business leadership. She is a Finnish citizen with broad experience from diverse international markets and holds a Master of Science in Industrial Engineering from Helsinki University of Technology. Katri Piirtola joins Kempower from KONE, where she most recently served as Senior Vice President for Modernization Business in Europe. Previously, she led global strategy execution and transformation programs, and New Equipment business development. Prior to KONE, Katri worked at Ahlstrom in several leadership positions. Announcement • Oct 31
Kempower Oyj, Annual General Meeting, May 06, 2026 Kempower Oyj, Annual General Meeting, May 06, 2026, at 14:00 FLE Standard Time. Announcement • May 07
Kempower Oyj Announces Appointments to Committees Kempower Oyj announced that at its AGM held on May 7, 2025, approved appointed from among its members the following members to the committees: Audit Committee: Chair Eriikka Söderström, Antti Kemppi, Vesa Laisi and Olli Laurén, and Remuneration and Nomination Committee: Chair Tuula Rytilä, Teresa Kemppi-Vasama, Vesa Laisi and Olli Laurén Technology Committee: Chair Vesa Laisi, Michael Hajesch, Antti Kemppi and Tuula Rytilä. Announcement • Jan 27
Kempower Oyj Appoints Monil Malhotra as President, North America and Member of Kempower Global Leadership Team, Effective as of February 1, 2025 Kempower appointed Monil Malhotra as President, North America and member of Kempower Global Leadership Team, effective as of February 1st, 2025. Monil Malhotra brings Kempower strong experience and a proven track record of driving business growth and innovation in the industrial software and automation sectors. He holds an MBA from the University of Pittsburgh and a master's degree in engineering from Lamar University. Monil joins Kempower from Emerson Electric Co., where he most recently served as Vice President of Industrial Software. In this role, he successfully transitioned the organization towards a more software-focused business, leveraging acquisitions to help customers in their journey towards automated operations. Throughout his career at Emerson, Monil held various leadership positions, including Vice President of Projects and Sales for North America, Vice President of Latin America, and Director of Global Engineering Centers. His extensive experience spans driving growth, and leading complex initiatives across global regions. The members of Kempower's Global Leadership Team as of February 2025: Chief Executive Officer Tomi Ristimäki, Chief Financial Officer Jukka Kainulainen, President, North America Monil Malhotra, Chief Operating Officer Sanna Otava, Chief People Officer Hanne Peltola, Chief Markets Officer Jussi Vanhanen, Chief Sales Officer Mathias Wiklund. Reported Earnings • Nov 03
Third quarter 2024 earnings released: €0.13 loss per share (vs €0.21 profit in 3Q 2023) Third quarter 2024 results: €0.13 loss per share (down from €0.21 profit in 3Q 2023). Revenue: €52.3m (down 28% from 3Q 2023). Net loss: €7.20m (down 162% from profit in 3Q 2023). Revenue is forecast to grow 20% p.a. on average during the next 3 years, compared to a 6.8% growth forecast for the Electrical industry in Germany. Announcement • Sep 05
Kempower Oyj Announces Executive Changes Kempower Oyj announced that Tommi Liuska, Chief Sales Officer (CSO) and a member of company's Global Leadership Team, leaves the company. Kempower has started the search for the new Chief Sales Officer. In the interim period Tomi Ristimäki, CEO, Kempower, leads global sales. The goal is to fill the CSO position by the end of the year 2024. Board Change • Aug 02
High number of new directors There are 5 new directors who have joined the board in the last 3 years. Director Barbara Thierart-Perrin was the last director to join the board, commencing their role in 2024. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Jul 25
Second quarter 2024 earnings released: €0.14 loss per share (vs €0.20 profit in 2Q 2023) Second quarter 2024 results: €0.14 loss per share (down from €0.20 profit in 2Q 2023). Revenue: €57.8m (down 21% from 2Q 2023). Net loss: €7.80m (down 170% from profit in 2Q 2023). Revenue is forecast to grow 23% p.a. on average during the next 3 years, compared to a 7.7% growth forecast for the Electrical industry in Germany. Buy Or Sell Opportunity • Jul 16
Now 26% undervalued after recent price drop Over the last 90 days, the stock has fallen 30% to €14.29. The fair value is estimated to be €19.34, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 90% over the last year. Earnings per share has grown by 106%. For the next 3 years, revenue is forecast to grow by 21% per annum. Earnings are also forecast to grow by 33% per annum over the same time period. Valuation Update With 7 Day Price Move • Jul 13
Investor sentiment deteriorates as stock falls 31% After last week's 31% share price decline to €16.00, the stock trades at a forward P/E ratio of 25x. Average forward P/E is 21x in the Electrical industry in Germany. Total loss to shareholders of 52% over the past year. Simply Wall St's valuation model estimates the intrinsic value at €13.48 per share. Announcement • Jul 08
Kempower Oyj Elects Barbara Thierart-Perrin as New Member of the Board of Directors Kempower Oyj announced that the number of members of the Board of Directors was resolved to be seven. As proposed by the Remuneration and Nomination Committee of the Board of Directors Barbara Thierart-Perrin was elected as a new member of the Board of Directors for a term ending at the conclusion of the next Annual General Meeting. The member of the Board of Directors will be paid the annual remuneration payable to a member of the Board of Directors in accordance with the resolution of the Annual General Meeting held on 27 March 2024 in proportion to the duration of her term. Buy Or Sell Opportunity • Jul 01
Now 26% undervalued Over the last 90 days, the stock has risen 8.2% to €21.92. The fair value is estimated to be €29.69, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 90% over the last year. Earnings per share has grown by 106%. For the next 3 years, revenue is forecast to grow by 22% per annum. Earnings are also forecast to grow by 30% per annum over the same time period. Buy Or Sell Opportunity • Jun 28
Now 20% undervalued Over the last 90 days, the stock has risen 8.2% to €22.12. The fair value is estimated to be €27.82, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 90% over the last year. Earnings per share has grown by 106%. For the next 3 years, revenue is forecast to grow by 22% per annum. Earnings are also forecast to grow by 30% per annum over the same time period. Valuation Update With 7 Day Price Move • May 03
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to €19.72, the stock trades at a forward P/E ratio of 34x. Average forward P/E is 18x in the Electrical industry in Germany. Total loss to shareholders of 42% over the past year. Simply Wall St's valuation model estimates the intrinsic value at €26.71 per share. Reported Earnings • Apr 26
First quarter 2024 earnings released: €0.16 loss per share (vs €0.10 profit in 1Q 2023) First quarter 2024 results: €0.16 loss per share (down from €0.10 profit in 1Q 2023). Revenue: €43.2m (down 23% from 1Q 2023). Net loss: €8.80m (down 257% from profit in 1Q 2023). Revenue is forecast to grow 22% p.a. on average during the next 3 years, compared to a 7.2% growth forecast for the Electrical industry in Germany. Reported Earnings • Mar 07
Full year 2023 earnings released: EPS: €0.61 (vs €0.064 in FY 2022) Full year 2023 results: EPS: €0.61 (up from €0.064 in FY 2022). Revenue: €283.6m (up 174% from FY 2022). Net income: €33.7m (up €30.2m from FY 2022). Profit margin: 12% (up from 3.4% in FY 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 21% p.a. on average during the next 3 years, compared to a 8.0% growth forecast for the Electrical industry in Germany. Valuation Update With 7 Day Price Move • Mar 07
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to €19.84, the stock trades at a forward P/E ratio of 39x. Average forward P/E is 15x in the Electrical industry in Germany. Total loss to shareholders of 22% over the past year. Simply Wall St's valuation model estimates the intrinsic value at €35.24 per share. Announcement • Mar 05
Kempower Oyj Announces Management Changes Kempower Oyj announced that as of the 5th of March 2024 Jussi Vanhanen, Chief Markets Officer, leads Kempower's Markets and Innovations function, responsible for future innovations, developing the company's growth strategy, business development, product management and brand development. Simultaneously Sanna Otava, Chief Operating Officer, starts to lead Kempower's Product Development and Operations functions, responsible for product development, global production operations, corporate development and ESG. Hanne Peltola is appointed Chief People Officer and member of Kempower's global Leadership team. Mikko Veikkolainen, Kempower's CTO, will be appointed Vice President, Research and Innovation and starts to lead the Research & Innovations team in the Markets and Innovations function. Veikkolainen will be a member of the Extended Leadership Team and reports to Jussi Vanhanen. Tim Joyce, who has been leading Kempower's North American operations, leaves the company and the recruitment process for the leader of the North American operations starts immediately. Erin Johnston, Finance Director, Kempower North America, takes temporary responsibility for the management of North American operations as Interim Managing Director. The members of Kempower's global Leadership Team as of 5th of March 2024: Chief Executive Officer Tomi Ristimäki, Chief Operating Officer Sanna Otava, Chief Financial Officer Jukka Kainulainen, Chief Markets Officer Jussi Vanhanen, Chief Sales Officer Tommi Liuska, Chief Service Business Officer Juha-Pekka Suomela, Chief People Officer Hanne Peltola. Reported Earnings • Feb 16
Full year 2023 earnings released: EPS: €0.61 (vs €0.064 in FY 2022) Full year 2023 results: EPS: €0.61 (up from €0.064 in FY 2022). Revenue: €284.9m (up 175% from FY 2022). Net income: €33.7m (up €30.1m from FY 2022). Profit margin: 12% (up from 3.4% in FY 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 22% p.a. on average during the next 3 years, compared to a 8.1% growth forecast for the Electrical industry in Germany. Valuation Update With 7 Day Price Move • Feb 15
Investor sentiment deteriorates as stock falls 18% After last week's 18% share price decline to €22.80, the stock trades at a forward P/E ratio of 35x. Average forward P/E is 13x in the Electrical industry in Germany. Total loss to shareholders of 18% over the past year. Simply Wall St's valuation model estimates the intrinsic value at €42.77 per share. Valuation Update With 7 Day Price Move • Nov 14
Investor sentiment deteriorates as stock falls 20% After last week's 20% share price decline to €28.76, the stock trades at a forward P/E ratio of 38x. Average forward P/E is 15x in the Electrical industry in Europe. Total returns to shareholders of 18% over the past year. Simply Wall St's valuation model estimates the intrinsic value at €33.30 per share. Buying Opportunity • Oct 30
Now 21% undervalued after recent price drop Over the last 90 days, the stock is down 35%. The fair value is estimated to be €33.30, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 285% over the last year. Earnings per share has grown by 25,706%. For the next 3 years, revenue is forecast to grow by 27% per annum. Earnings is also forecast to grow by 30% per annum over the same time period. Valuation Update With 7 Day Price Move • Oct 25
Investor sentiment deteriorates as stock falls 23% After last week's 23% share price decline to €33.32, the stock trades at a forward P/E ratio of 37x. Average forward P/E is 13x in the Electrical industry in Europe. Total returns to shareholders of 81% over the past year. Simply Wall St's valuation model estimates the intrinsic value at €40.84 per share. Announcement • Oct 20
Kempower Oyj Updates Earnings Guidance for 2023 Kempower Oyj updated earnings guidance for 2023. For the year the company announced New outlook: 2023 revenue; EUR 280 million to EUR 310 million, assuming no major impact from foreign currency exchange rates (revenue2022: EUR 104 million), 2023 operative EBIT margin, %; over 14%. Previous outlook: 2023 revenue; EUR 280 million to EUR 310 million, assuming no major impact from foreign currency exchange rates (revenue 2022: EUR 104 million), 2023 operative EBIT margin, %; over 10%. New Risk • Oct 16
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of German stocks, typically moving 8.3% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (8.3% average weekly change). High level of non-cash earnings (35% accrual ratio). Reported Earnings • Jul 26
First half 2023 earnings released: EPS: €0.30 (vs €0.009 loss in 1H 2022) First half 2023 results: EPS: €0.30 (up from €0.009 loss in 1H 2022). Revenue: €128.2m (up 286% from 1H 2022). Net income: €16.7m (up €17.2m from 1H 2022). Profit margin: 13% (up from net loss in 1H 2022). The move to profitability was driven by higher revenue. Revenue is forecast to grow 28% p.a. on average during the next 3 years, compared to a 8.5% growth forecast for the Electrical industry in Germany. Announcement • Jul 21
Kempower Oyj Provides Earnings Guidance for the Year 2023 Kempower Oyj provided earnings guidance for the year 2023. For the year, the company expects revenue; EUR 280-310 million, assuming no major impact from foreign currency exchange rates (revenue operative EBIT margin, %; over 10% (the operative EBIT margin, % outlook published on 14 April 2023 was a positive 5% - 10%). Announcement • Jul 13
Kempower Oyj Appoints Tim Joyce as President of North America, and Member of the Management Team Kempower Oyj appointed Tim Joyce as President, North America, and member of the company's Management Team. He will start in the role in August 2023 and will be based in the United States. Tim Joyce is a U.S. citizen and joins Kempower from KONE Corporation. At KONE, Joyce most recently held the position of Managing Director, U.K. & Ireland, responsible for an organization of nearly 2,000 employees. Prior to that, Joyce was Senior Vice President of KONE's South Region in the United States and has held several other management positions at Republic Services, Culligan International and Cintas Corporation in the United States. He holds a Bachelor of Arts degree in Economics from Indiana University. Board Change • Apr 14
Less than half of directors are independent Following the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 4 non-independent directors. Independent Vice Chair of the Board Vesa Laisi was the last independent director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Reported Earnings • Feb 16
Full year 2022 earnings released: EPS: €0.06 (vs €0.12 loss in FY 2021) Full year 2022 results: EPS: €0.06 (up from €0.12 loss in FY 2021). Revenue: €103.9m (up 280% from FY 2021). Net income: €3.60m (up €8.11m from FY 2021). Profit margin: 3.5% (up from net loss in FY 2021). The move to profitability was driven by higher revenue. Revenue is forecast to grow 28% p.a. on average during the next 3 years, compared to a 8.6% growth forecast for the Electrical industry in Germany. Board Change • Nov 16
High number of new directors There are 5 new directors who have joined the board in the last 3 years. Independent Director Vesa Laisi was the last director to join the board, commencing their role in 2021. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Announcement • Nov 05
Kempower Appoints Sanna Lehti as General Counsel and Member of the Extended Management Team Kempower has appointed Sanna Lehti as General Counsel and member of the extended management team. Lehti started in the role in November 2022 and is based in Finland. Sanna Lehti joins Kempower from Tikkurila Oyj, where she was responsible of company's Legal & Compliance function and was a member of Tikkurila's extended management team. Tikkurila is a Nordic paint manufacturer operating in 10 countries. Prior to Tikkurila, Sanna Lehti has held leadership positions at Maillefer Group and Ramirent. Announcement • Oct 14
Kempower Starts Delivering Adaptive Voltage Charging Solution Kempower has started delivering the new adaptive voltage charging solution which allows its chargers to work with EV batteries up to 1000V. The new solution adapts to the voltage requirements of each electric vehicle and optimizes the use of power electronics. Kempower began deliveries of the adaptive voltage charging solution in October 2022. All DC charging solutions for public charging shipped from the Kempower factory include this adaptive feature. Now the Kempower DC charging system can charge all electric cars and vans at full power while still maintaining the unique dynamic load balancing. Thanks to Kempower's modular technology, existing Kempower fast charging stations already in the field can easily be upgraded to this new feature. Kempower developed the adaptive voltage charging solution in response to an increasing number of EVs with higher battery voltages and capacities. These EVs are being produced by electric car manufacturers to cut charging times. Adaptive voltage charging is an extension of Kempower's existing dynamic EV charging solution, which optimizes charging curves when multiple chargers at a single fast charging hub are in use. Reported Earnings • Aug 12
First half 2022 earnings released First half 2022 results: Revenue: (flat on 1H 2021). Net income: (flat on 1H 2021). Profit margin: (in line with 1H 2021). Over the next year, revenue is forecast to grow 80%, compared to a 14% growth forecast for the industry in Germany. Announcement • Aug 03
Kempower Oyj Appoints Juha-Pekka Suomela as Chief Service Business Officer and Member of Management Team Kempower Oyj has appointed Juha-Pekka Suomela as Chief Service Business Officer and member of the company's management team. He will start in the role in September 2022 and will be based in Finland. Juha-Pekka Suomela is a Finnish citizen, and he joins Kempower from the position as Director, Global Centers of Excellence at Danfoss Drives. Danfoss Drives is a global leader in AC/DC and DC/DC power conversion, as well as variable speed control for electric motors. At Danfoss Drives, Suomela has been responsible for developing the global Center of Excellence solution support network, focusing on project bid-phase support & customer opportunity management. Prior to this, Juha-Pekka Suomela has held several global Sales, Services and Solutions Support operative and executive roles at Danfoss and Vacon Plc. Announcement • May 23
Kempower to Present Its Dynamic, Scalable, and Modular Ev Fast-Charging Solutions At Autopromotec in Bologna, Italy Kempower will showcase its fast-charging technology for the first time in Italy at Autopromotec in Bologna on May 25-28, 2022. Autopromotec is the most specialized international exhibition of automotive equipment and aftermarket products. Kempower’s e-mobility and EV charging specialists will be present to showcase the company’s charging technology to event visitors. At Kempower stand, visitors can see and test the Kempower S- and C-Series fast-charging system and the Kempower T-Series movable DC fast charger. Meet the Kempower team in Hall 18, stand B 6. Kempower provides easily scalable, modular, dynamic, user-friendly, and reliable fast chargers for EVs for many different needs. Chargers are modular, and therefore, charging hubs can easily be scaled up and additional charging power can easily be added as demand grows. The Kempower product portfolio includes the following solutions: Kempower S-Series charging satellites that enable simultaneous and frequent fast charging for several EVs, Kempower C-Series charging power unit which is a modular and scalable power unit providing fast-charging capacity, Kempower T-Series movable DC chargers which are weatherproof and suitable for both outdoor and indoor use, and Kempower C-Station which is a combined charging power unit and charging satellite post as a single unit. Kempower ChargEye™ is a comprehensive, easy-to-use, cloud-based charging management system for charge point operators and retailers, bus and truck operators, and off-highway vehicle fleets. When Kempower chargers are connected to the ChargEye system, charging network operators can easily monitor, manage, and diagnose the day-to-day operations of both the chargers and vehicles. ChargEye ensures that a commercial vehicle fleet is always ready for duty when needed while optimizing energy costs and managing battery health. The software can also be directly integrated into other IT systems to provide seamless operations and reporting. Board Change • Apr 27
High number of new directors There are 5 new directors who have joined the board in the last 3 years. Independent Director Vesa Laisi was the last director to join the board, commencing their role in 2021. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Feb 17
Full year 2021 earnings: Revenues exceed analyst expectations Full year 2021 results: Revenue: €27.7m (up €24.4m from FY 2020). Net loss: €4.50m (down €4.60m from profit in FY 2020). Revenue exceeded analyst estimates by 8.8%. Over the next year, revenue is forecast to grow 77%, compared to a 15% growth forecast for the industry in Germany. Announcement • Feb 11
Kempower Oyj to Report Fiscal Year 2021 Results on Feb 16, 2022 Kempower Oyj announced that they will report fiscal year 2021 results at 7:30 AM, Coordinated Universal Time on Feb 16, 2022 
