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
    }
  }
}


kempower-staying-board-despite-forecast-risks

__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.

Long-term customer S Group has opened a new charging station in Helsinki and has done so with Alpitronic chargers. Previously, S Group (ABC-lataus) used only Kempower chargers, but now, for one reason or another, Alpitronic has been brought into the mix. Consequently, Kempower’s “exclusivity” with Finland’s largest charging service provider came to an end.  This is likely the site at the corner of Maskuntie and Humalistonkatu.

Inderes              MUUTOKSIA NASDAQIN POHJOISMAISTEN PÖRSSIEN MARKKINA-ARVOLUOKISSA - Inderes    Nasdaq Helsinki Oy Helsingin Pörssin tiedote MUUTOKSIA NASDAQIN POHJOISMAISTEN PÖRSSIEN MARKKINA-ARVOLUOKISSA TIEDOTE 17.12.2025 OSAKKEET MUUTOKSIA NASDAQIN POHJOISMAISTEN PÖRSSIEN MARKKINA-...                             Kempower’s market cap category changes 2.1.2026 Large Cap → Mid Cap

linkedin.com              🎉 Osprey is now the UK's second-largest public rapid charging network, thanks...    🎉 Osprey is now the UK's second-largest public rapid charging network, thanks to another huge year of EV charging hub roll out!  In 2025 we launched 20 new ultra-rapid charging hubs, providing over 200 charging bays, as well as expanding...                             My old customers also trust Kempower 100%. Osprey already has plans and funding to double its network. “As a result we will end 2025 with over 1,500 rapid and ultra-rapid charge points, literally from Land’s End to John O’Groats.” “..Importantly, this momentum continues: another 1,500 charge points are already signed and fully-funded for deployment into 2026 and beyond!”

This is exactly the point. Still, S-group is a rather insignificant customer in the big picture, especially in the future. HYC1000 is the real competitor, and Alpitronic doesn’t seem to be able to deliver large quantities of those yet. The few HYC400s installed now just give investors the opportunity to vote with their wallets and not charge with these. Likewise, feedback is an excellent tool.  One must have enough patriotism not to even slightly put a spoke in the wheels of the next KONE with one’s own actions. Greetings to the decision-makers of S-group. I will never charge a kWh from any Alpitronic device.  I wouldn’t give too much weight to these at this stage. The summer CMD and two (?) earnings days before that will tell much more about where things stand. At the CMD, Kempower can present devices that Alpitronic will have nothing to match for years – just like what happened with MCS. I’m sure new power electronics and even higher power levels will come alongside the updated strategy.

Here is also kionkostinill’s extremely good and concise statement from an expert on the future of biofuels and e-fuel.                   linkedin.com              A Short Screed About Biofuels    TL&DR Summary: we’ll need biofuels for shipping and aviation, which need rather than merely want liquid fuels. We’ll also potentially need biofuels to serve as our reservoir of stored fuels to serve periods of renewable electricity drought and to...                             TL&DR Summary: we’ll need biofuels for shipping and aviation, which need rather than merely want liquid fuels. We’ll also potentially need biofuels to serve as our reservoir of stored fuels to serve periods of renewable electricity drought and to respond to other emergencies. While these fuels are absolutely possible to produce in the quantities required, they will at scale represent quite a high cost per tonne of net CO2e emissions averted. They are with certainty going to be cheaper at scale than any fuel made from its combustion products using electricity. While some hydrogen will be needed to deoxygenate biofuels, so-called e-fuels are thermodynamic and hence economic nonsense, so we’d better hope we don’t need them.

Bad news for Kempower  Long-time customer S-ryhmä has opened a new charging station in Helsinki and done so with Alpitronic chargers. Previously, S-ryhmä (ABC-lataus) only used Kempower chargers, but now, for one reason or another, Alpitronic has been brought into play. Thus, Kempower’s “exclusive right” to Finland’s largest charging service provider has come to an end. This is probably a normal dual supply strategy where at least two charger suppliers are desired. This is good from a risk management perspective alone. No idea what the supplier split between Kempo vs. Alpi will be, but since Kempower’s installed base in S-ryhmä is significantly larger than Alpitronic’s, one could assume that new charging fields will primarily be made with Alpitronic’s equipment. This balances the risk. Competition here in our Nordic home is thus intensifying. It’s regrettable that Kempower’s long-term customer seems to be giving them the middle finger, even though it’s completely normal business. I myself imagined that in the land of the green bonus card, suppliers wouldn’t be heavily competed for, and Kempower would have managed to weave a sufficiently tight network around the customer during the past couple of years. However, this did not happen. As competition intensifies, the company’s financial targets seem even more distant.

These solutions will have no role in road traffic, but heavy industry and air travel also need other solutions than batteries and Kempower chargers. The fight against climate change is lost if electrolytic hydrogen and carbon capture fail, or else the current industry must be shut down.

Kempower

The soft order intake in Q3 increased the uncertainty surrounding growth forecasts. The increase in orders can be partly attributed to seasonality and temporary factors, but we still had to cut our growth estimates. In turn, profitability is scaling up more strongly than expected. We expect growth to return to a strong path in the coming quarters and expect valuation multiples to decline rapidly in line with earnings growth in the coming years.

<p>The soft order intake in Q3 increased the uncertainty surrounding growth forecasts. The increase in orders can be partly attributed to seasonality and temporary factors, but we still had to cut our growth estimates. In turn, profitability is scaling up more strongly than expected. We expect growth to return to a strong path in the coming quarters and expect valuation multiples to decline rapidly in line with earnings growth in the coming years. </p> 

	2022	23e	24e
Revenue	103.6	298.4	411.7
growth-%	278.1 %	188.0 %	38.0 %
EBIT (adj.)	6.7	54.5	67.3
EBIT-% (adj.)	6.5 %	18.3 %	16.3 %
EPS (adj.)	0.07	0.80	0.94
Dividend	0.00	0.00	0.00
Dividend %
P/E (adj.)	283.3	16.9	14.4
EV/EBITDA	117.9	11.1	8.0

Kempower: Staying on board despite forecast risks

Key Estimate Figures2023-10-19

Forum discussions