Analyst Comment
Kempower CFO jumps ship
Summary
- Kempower announced that CFO Jukka Kainulainen will leave his position to join Revenio, marking a typical career move after five years with the company.
- Kainulainen played a significant role in Kempower's listings on the First North marketplace and the main list.
- The company is updating its strategy under CEO Bhasker Kaushal and has reorganized its global leadership team to support this initiative.
- Kainulainen will remain in his role until early September 2026, allowing a smooth transition for the recruitment of a new CFO.
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Translation: Original published in Finnish on 5/15/2026 at 8:25 am EEST.
Kempower announced on Wednesday that Jukka Kainulainen, the company's CFO and a member of the management team, will be leaving his position to pursue new opportunities outside the company. We know he is moving to Revenio, so in our view, the departure is not dramatic but rather a typical career move. Kainulainen has served in his position for five years and played a key role in the company's listings on the First North marketplace and later on the main list. The company has already initiated a search process to find a new CFO.
Kempower is currently undergoing a strategy update under the leadership of CEO Bhasker Kaushal, and the company recently reorganized its global leadership team to implement the strategy. Although the change of CFO brings yet another change to the company's top management, the long transition period provides the company with peace of mind to recruit a new leader and transfer responsibilities. Kainulainen will continue in his position until early September 2026.
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 pageKey Estimate Figures29/04
| 2025 | 26e | 27e | |
|---|---|---|---|
| Revenue | 251.3 | 316.6 | 395.8 |
| growth-% | 12.3 % | 26.0 % | 25.0 % |
| EBIT (adj.) | -12.4 | 8.0 | 32.1 |
| EBIT-% (adj.) | -4.9 % | 2.5 % | 8.1 % |
| EPS (adj.) | -0.19 | 0.11 | 0.45 |
| Dividend | 0.00 | 0.00 | 0.00 |
| Dividend % | |||
| P/E (adj.) | neg. | 127.2 | 31.0 |
| EV/EBITDA | neg. | 36.4 | 15.7 |
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