Kempower Oy · OMXHEX:KEMPOWR
Kempower Oy — Q1 2025 Earnings Presentation
18 slides from Kempower Oy's earnings presentation, Apr 25, 2025
Slide 1: Kempower Q1 2025 Interim Report
Kempower Q1 2025 Interim Report
Slide 2: Q1 2025: Year started with a strong sales execution
Q1 2025: Year started with a strong sales execution Tomi Ristimäki Monil Malhotra Jukka Kainulainen Chief Executive Officer President, North America Chief Financial Officer
Slide 3: Key takeaways Q1 2025
Key takeaways Q1 2025 Strong sales execution: Order intake grew 32 percent to EUR 59.4 million. Financial performance: Revenue growth was modest, and operative EBIT was in line with the expectations. Q1 2025 key figures • Revenue growth was modest as we started the year with lower order backlog for
Slide 4: DC charging market
BEV registrations DC charging market Europe North America • Significant growth in BEV registrations in both Europe and North America. +31% +11% 330,000 • Positive indicator for industry growth in 296,000 the near future. 266,000 251,500 • The market still weak for DC charging manufacturers, with cus
Slide 5: Positive sales development
Positive sales development • Kempower onboarded 11 new customers during the first quarter of 2025. • New customer acquisition from 2024 starting to show in order intake. • Order intake grew in Rest of Europe more than 50 percent, driven by Germany, France, Austria and Italy. • Order intake from Nort
Slide 6: North America
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Slide 7: Second record quarter in a row for North America
Second record quarter in a row for North America • Order intake from North America was EUR 10.3 million, highest in Kempower history. • Over 300% growth compared to Q1/2024. • Strong performance in both US and Canada. • Strategic wins in private and commercial vehicle segments during Q1. • Strong sa
Slide 8: North American market
North American market New York • Market is growing driven by growth in BEV registrations - sentiment towards BEVs is changing favorably. • Environmental Protection Agency (EPA) emission requirements will continue to drive the transition to electric trucks. • Despite temporary slow-down in federal fu
Slide 9: Our global setup with local supply chains mitigates the headwinds from the tariffs
Our global setup with local supply chains mitigates the headwinds from the tariffs • Our setup with production facilities in Europe and US combined with local supply chains gives us operational flexibility and positions us well in this situation. • We continue to monitor the situation — however, we
Slide 10: Technological leadership
Technological leadership • After the review period we introduced Kempower’s enhanced charging solution with more power, more plugs, and more data. • The improved charging solution features a 600 or a 1,200 kW Kempower Power Unit connected to 12 charging points. • The updates are designed to meet the
Slide 11: Q1 2025 Financials
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Slide 12: Key figures
Key figures during the review period EUR million Q1/2025 Q1/2024 2024 Comments Order backlog 106.5 111.9 95.0 59.4 44.9 218.3 • Q1 2025 Financials were negatively Order intake impacted by modest revenue Revenue 43.5 42.6 223.7 growth. Revenue growth, % 2% -24% -21% • Fixed costs EUR 26.2m (EUR 30.4m
Slide 13: Order intake on a good level
Order intake on a good level Order intake (EUR million) Comments +32% Q4 • Order intake grew +32 percent -21% Q3 during Q1 2025 to EUR 59.4 275.3 Q2 million (EUR 44.9 million) due Q1 to strong sales execution. +459% 66.7 208.9 218.3 • New customer acquisition during 2024 contributing to 61.7 60.9 67
Slide 14: Low revenue for the first quarter
Low revenue for the first quarter Revenue by geographical area (EUR million) Comments • We started the year with low order +174% -21% backlog for the first quarter. 283.6 11.3 • Revenue for Q1 2025 grew 2 percent and 14.0 was EUR 43.5 million (EUR 42.6 million) and excluding foreign exchange impact
Slide 15: Profitability and cash flow development
Profitability and cash flow development Operative EBIT (EUR million) Operating cash flow (EUR million) Comments 14.3% 39.7 40.7 • Q1 2025 Operative EBIT and operating cash flow were negatively impacted by modest revenue growth. • Operative EBIT was EUR -7.3 million (EUR -10.8 million) impacted posit
Slide 16: Kempower's outlook for 2025
Kempower’s outlook for 2025 In 2025, the company aims to return to a growth trajectory as the DC charging market is expected to start recovering in the second half of the year. Kempower continues to invest selectively in its growth initiatives including growth in North America, growth in key countri
Slide 17: Kempower's financial targets
Kempower’s financial targets Financial targets Revenue of EUR 750 million in the medium term Growth (years 2026-2028) Operative EBIT margin of 10 percent to 15 percent reached Profitability in the medium term (years 2026-2028) and operative EBIT margin of at least 15 percent in the long term Dividen
Slide 18: Q&A
Q&A