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Kempower: Time for a charging break in midst of all the action

KEMPOWRResearch2023-02-16 11:00
Inderes
Discuss
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2022 ended strongly in terms of new orders, production volumes and profitability. Guidance for 2023 seems slightly cautious and leaves room for even a slower start of sales in the US. We raised our earnings estimates for the next few years, but valuation has still risen to a level where the risk/return ratio no longer appears attractive.

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 page

Key Estimate Figures2023-02-15

202223e24e
Revenue103.6209.3305.5
growth-%278.1 %102.0 %46.0 %
EBIT (adj.)6.716.538.5
EBIT-% (adj.)6.5 %7.9 %12.6 %
EPS (adj.)0.070.220.53
Dividend0.000.000.00
Dividend %
P/E (adj.)283.336.815.6
EV/EBITDA117.918.88.4

Forum discussions

Of course, one has gotten used to Kempower constantly releasing promising press releases about customer cases from around the world, yet on ...
18 hours ago
12
Kempower and EV-olution Charging Systems support the electric bus fleet expansion of Canadian transit operator STLévis 40 ceiling-mounted Kempower...
22 hours ago
by Index
10
It’s also worth taking a look at the pictures. Only from those did I realize what this “overhead solution” is actually all about. So not a pantograph...
10/24/2026, 1:13 AM
14
Bidfood Uses Kempower’s Charging Solution at Its First Electrified Truck Depot in the UK Kempower’s overhead charging solution enables Bidfood...
10/23/2026, 11:04 AM
by Index
14
Here are Pauli’s comments as Kempower develops its service offering with new packaged solutions Inderes – 23 Oct 26 Kempower kehittää palvelutarjoamaa...
10/23/2026, 4:53 AM
by Sijoittaja-alokas
6
Here are at least a few policy-related risks and opportunities. Naturally, the lists could certainly be expanded in both categories. Political...
10/22/2026, 10:57 AM
by Pauli Lohi
9
Katri Piirtola’s imprint is starting to show at Kempower. “With its enhanced service offering, Kempower addresses these challenges by providing...
10/22/2026, 7:15 AM
10