Finland · Delayed Price · Currency is EUR Kempower Oyj Earnings Call Transcripts
Fiscal Year 2025
-
Record order intake and double-digit revenue growth marked 2025, with strong gains in North America and Europe outside Nordics. Gross margin remained healthy despite Q4 pressures, and 2026 guidance targets 10–30% revenue growth with improved EBIT.
-
Q3 delivered strong growth in order intake and revenue, with North America and Europe outside the Nordics leading performance. Gross margin declined due to price competition and one-time costs, but positive operating EBIT and cash flow were achieved. Revenue guidance was revised due to backlog timing.
-
Q2 2025 saw robust order and revenue growth, especially in North America, with improved margins and positive cash flow. Guidance for 2025 remains unchanged, reflecting industry volatility, while innovation and operational excellence continue to drive performance.
-
Order intake rose 32% year-over-year, with North America achieving a record 300% growth in orders. Revenue growth was modest, but cost savings and reduced inventories improved financial resilience. Market recovery is expected in H2 2025, with strong momentum in commercial vehicle charging.
Fiscal Year 2024
-
Q4 2024 delivered the year's highest revenue and a strong order intake, with North America driving 84% annual revenue growth. Cost reductions and a broadened customer base supported positive EBIT and cash flow, while 2025 guidance anticipates 10–30% revenue growth and improved profitability.
-
Q3 2024 saw revenue decline 28% year-over-year due to high customer inventory and slow market, but gross margin remained strong at 51%. North America revenue more than doubled in the first nine months, and cost-saving actions are underway to reach break-even EBIT in Q4.
-
H1 2024 saw weak financials due to high customer inventories and lower sales from large clients, but strong growth in North America and new customer acquisitions provided some offset. Cost-saving actions and a revised outlook target breakeven by Q4 2024.