Kempower discloses information in the following ways:
Kempower issues company releases on the following topics, for example:
- interim reports describing business development and profit performance;
- financial statement releases describing full-year business development and profit performance once a year;
- the Annual Report of the Board of Directors, Corporate Governance Statement, financial statements and auditor’s report, which are included in the Annual Report;
- profit warning;
- notice of the Annual General Meeting and the resolutions of the AGM;
- notifications pursuant to the Securities Markets Act and the rules of Nasdaq Helsinki, including changes in shareholdings, the remuneration report and remuneration policy;
- managers’ transactions;
- strategically significant cooperation or distribution agreements that, in the Company’s assessment, may have a material impact on the Company’s business and/or the value of its shares and other financial instruments;
- a significant approval by the authorities in a strategically significant market;
- a significant investment in additional capacity;
- a significant acquisition or divestment;
- significant patents;
- significant operational restructuring, efficiency improvement or discontinuation;
- changes in the Board of Directors, significant changes in senior management or change of auditor; and
- other significant events and projects that may have a significant impact on the Company’s business and/or the value of its shares and other financial instruments.Kempower publishes financial reports according to a set schedule. The outlook for the current financial year and risks related to business are discussed by the Company in interim reports, financial statement releases and the Annual Report of the Board of Directors. The Company discusses its strategic direction primarily at its Capital Markets Day, on its website and in annual reports unless a strategic decision is deemed to warrant disclosure in the form of a company release.The Company may not publish a separate company release to disclose less significant matters related to approvals by the authorities in individual countries, customer agreements or product launches as well as minor acquisitions or divestments or other restructuring measures when, according to the Company’s assessment, they do not have a substantial impact on the value of the Company’s financial instruments. Such news is summarised in interim reports.Profit warningKempower issues a profit warning as soon as possible in the form of a company release if the Company can reasonably assess that its future outlook has changed from previously published estimates or what can be reasonably deduced from the Company’s previously published information and where such a change is likely to have a substantial impact on the value of Kempower’s financial instruments. The decision on issuing a profit warning is based on the information previously disclosed by the Company, the prevailing market situation and the Company’s own view of its future outlook.
Profit warnings are first discussed by the Company’s Disclosure Committee. The decision on issuing a profit warning is primarily made by the Board of Directors. If the Board of Directors cannot reach quorum as quickly as necessary, the Chair of the Board of Directors or Kempower’s Chief Executive Officer will make the decision on issuing a profit warning. In such circumstances, the Chair of the Board of Directors and the Chief Executive Officer will strive to discuss the matter with as many members of the Board of Directors as possible before the profit warning is issued. Profit warnings are issued in the form of a company release and the release will also include the previously published outlook statements. A profit warning will be published without delay once the decision to issue a profit warning has been made.
Press releases and investor news
Kempower publishes investor news and press releases regarding new products and services as well as other topics of interest to the media and markets where the matter at hand is deemed not to have a substantial impact on the value of the Company’s securities.
Examples of such topics include:
- product launches and progress in the development of new technologies;
- orders and agreements whose value is significant but which are not, in view of the big picture, assumed to have an impact on the value of the Company’s financial instruments;
- The Company’s participation in a significant R&D project;
- cooperation agreements
- development of industry standards; and
- technology development in the industry.
Kempower’s customers include charging operators, public transport developers, energy companies, industrial operators and retailers, for example. Communication needs and topics vary between target groups. The Company primarily communicates to its customers regarding new products, changes to existing products, campaigns, marketing events and other topics that may affect the customers’ business operations or the relationship between the companies.
All of Kempower’s company releases, investor news, press releases and customer releases are also distributed to the Company’s employees.
Changes in personnel and other personnel-related matters, decisions made by the Management Team that are not classified as confidential pursuant to insider rules and other news concerning the Company’s operations are disclosed by means of internal releases.
Kempower also publishes, as necessary, other news concerning its operations on its website. These can include customer references, product news, blogs, information on upcoming events and information on new products, for example.
Briefings and other meetings
Kempower organises briefings for various stakeholders as necessary. Supervisors also review communication-related matters in team meetings with the personnel.
The Company’s management regularly meets with investors, analysts and media representatives in various contexts, including quarterly briefings in connection with the publication of financial results, public events aimed at investors and separately organised company visits. At such events, Kempower’s representatives can provide more background information on the Company’s business operations. No previously undisclosed information or supplementary information will be disclosed at such events where the information in question could have an impact on the valuation of the Company’s financial instruments and may constitute inside information in connection with previously disclosed information. The Chief Executive Officer and Chief Financial Officer are primarily responsible for investor and analyst relations. The Director of Communications is responsible of media relations.
Information on the analysts following the Company and their assessments of the Company may be published on the Company’s website. Analyst opinions, assessments and forecasts concerning the Company’s financial performance are the analysts’ own and they do not represent the opinions, estimates or forecasts of the Company or its management. Upon request, the Company may review an analysis or report prepared by an analyst, but only with regard to its factual accuracy and with respect to previously disclosed information. The Company does not comment on the estimates or forecasts issued by capital market representatives and takes no responsibility for them. The Company does not comment on the Company’s valuation or the development of the value of the Company’s financial instruments, give preferential treatment to individual analysts or distribute analysts’ reports to the investment community.