Releases
Correction: Kempower Corporation’s Half Year Financial Report, 1 January – 30 June 2022
Kempower Oyj, Company release, 12 August 2022 at 11.45 am EEST
Kempower Oyj, Company release, 12 August 2022 at 11.45 am EEST
Correction: Kempower Corporation’s Half Year Financial Report, 1 January – 30 June 2022
This is a correction to the Half Year Financial Report published yesterday at 09.30, in which the key figures table and historical IFRS key figures table contained incorrect information for the periods Q2/2022, H1/2022 and Q1/2022 in regards to EBITDA and EBITDA margin, %.
- The correct Q2/2022 EBITDA is EUR 2.7 million (previously incorrectly reported EUR 2.0 million) and EBITDA margin, 12 % (previously incorrectly reported 9 %)
- The correct H1/2022 EBITDA is EUR 2.4 million (previously incorrectly reported EUR 1.2 million) and EBITDA margin, 7 % (previously incorrectly reported 4 %)
- The correct Q1/2022 EBITDA is EUR -0.2 million (previously incorrectly reported EUR -0.8 million) and EBITDA margin, -2 % (previously incorrectly reported -7 %)
The corrected tables are shown below. Kempower’s complete corrected Half Year Financial Report 1 January – 30 June 2022 is attached to this release and available at https://investors.kempower.com.
|
IFRS KEY FIGURES |
|||||
|
MEUR |
Q2/2022 |
Q2/2021 |
H1/2022 |
H1/2021 |
2021 |
|
Order backlog |
62.4 |
14.9 |
62.4 |
14.9 |
13.7 |
|
Order intake |
55.0 |
11.6 |
81.9 |
20.1 |
37.4 |
|
Revenue |
21.6 |
6.7 |
33.2 |
9.0 |
27.4 |
|
Revenue growth, % |
225 % |
1175 % |
268 % |
1107 % |
741 % |
|
Gross margin |
9.8 |
2.8 |
15.3 |
4.1 |
12.9 |
|
Gross margin, % |
45 % |
42 % |
46 % |
45 % |
47 % |
|
EBITDA |
2.7 |
0.7 |
2.4 |
0.5 |
0.5 |
|
EBITDA margin, % |
12 % |
11 % |
7 % |
6 % |
2 % |
|
Operating profit/loss (EBIT) |
1.8 |
0.5 |
0.8 |
-0.0 |
-0.7 |
|
EBIT margin, % |
8 % |
7 % |
3 % |
-0% |
-3 % |
|
Operative EBIT |
1.8 |
0.7 |
0.8 |
0.2 |
1.0 |
|
Operative EBIT margin, % |
8 % |
10 % |
3 % |
2 % |
4 % |
|
Profit/loss for the period |
0.6 |
0.2 |
-0.5 |
-0.3 |
0.3 |
|
|
|
||||
|
Equity ratio, % |
75 % |
9 % |
75 % |
9 % |
91 % |
|
Cash flow from operating activities |
-1.6 |
-2.6 |
-3.7 |
-4.0 |
-2.6* |
|
Investments |
1.8 |
0.2 |
2.4 |
0.6 |
1.6 |
|
Net debt |
-66.5 |
6.1 |
-66.5 |
6.1 |
-89.3 |
|
Items affecting comparability |
|
0.2 |
|
0.2 |
1.7 |
|
Earnings per share, basic, EUR |
0.01 |
0.01 |
-0.01 |
-0.01 |
0.01 |
|
Earnings per share, diluted, EUR |
0.01 |
0.01 |
-0.01 |
-0.01 |
0.01 |
|
Headcount end of period |
260 |
87 |
260 |
87 |
136 |
|
* Cash flow from operating activities for 2021 has been adjusted compared to the key figures published in the 23.6.2022 release “Kempower Corporation’s transition to IFRS reporting and unaudited comparative IFRS information” |
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|
HISTORICAL IFRS QUARTERLY AND HALF-YEAR KEY FIGURES |
||||||||
|
MEUR |
Q1/2022 |
Q1/2021 |
Q2/2021 |
Q3/2021 |
Q4/2021 |
H1/2021 |
H2/2021 |
|
|
Order backlog |
29.1 |
10.0 |
14.9 |
10.6 |
13.7 |
14.9 |
13.7 |
|
|
Order intake |
26.9 |
8.5 |
11.6 |
5.8 |
11.5 |
20.1 |
17.3 |
|
|
Revenue |
11.5 |
2.3 |
6.7 |
10.0 |
8.4 |
9.0 |
18.4 |
|
|
Revenue growth, % |
393 % |
948 % |
1175 % |
1726 % |
328 % |
1107 % |
633 % |
|
|
Gross margin |
5.6 |
1.2 |
2.8 |
4.9 |
3.9 |
4.1 |
8.8 |
|
|
Gross margin, % |
48 % |
53 % |
42 % |
49 % |
47 % |
45 % |
48 % |
|
|
EBITDA |
-0.2 |
-0.2 |
0.7 |
2.4 |
-2.4 |
0.5 |
-0.1 |
|
|
EBITDA margin, % |
-2 % |
-10 % |
11 % |
24 % |
-29 % |
6 % |
-0 % |
|
|
Operating profit/loss (EBIT) |
-1.0 |
-0.5 |
0.5 |
2.1 |
-2.7 |
-0.0 |
-0.7 |
|
|
EBIT margin, % |
-9 % |
-20 % |
7 % |
21 % |
-33 % |
-0 % |
-4 % |
|
|
Operative EBIT |
-1.0 |
-0.5 |
0.7 |
2.1 |
-1.3 |
0.2 |
0.8 |
|
|
Operative EBIT margin, % |
-9 % |
-20 % |
10 % |
21 % |
-16 % |
2 % |
4 % |
|
|
Profit/loss for the period |
-1.1 |
-0.5 |
0.2 |
1.2 |
-0.7 |
-0.3 |
0.5 |
|
|
Equity ratio, % |
78 % |
11 % |
9 % |
13 % |
91 % |
9 % |
91 % |
|
|
Cash flow from operating activities |
-2.0 |
-1.4 |
-2.6 |
-0.6 |
2.0 |
-4.0 |
1.4* |
|
|
Investments |
0.6 |
0.4 |
0.2 |
0.2 |
0.8 |
0.6 |
1.0 |
|
|
Net debt |
-71.5 |
4.9 |
6.1 |
7.2 |
-89.3 |
6.1 |
-89.3 |
|
|
Items affecting comparability |
0.2 |
0.0 |
1.4 |
0.2 |
1.5 |
|||
|
Earnings per share, basic, EUR |
-0.02 |
-0.01 |
0.01 |
0.03 |
-0.02 |
-0.01 |
0.01 |
|
|
Earnings per share, diluted, EUR |
-0.02 |
-0.01 |
0.01 |
0.03 |
-0.02 |
-0.01 |
0.01 |
|
|
Headcount end of period |
176 |
57 |
87 |
103 |
136 |
87 |
136 |
|
|
* Cash flow from operating activities for H2/2021 has been adjusted compared to the key figures published in the 23.6.2022 release “Kempower Corporation’s transition to IFRS reporting and unaudited comparative IFRS information” |
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Additional information:
Kempower, Investors:
Jukka Kainulainen, CFO
jukka.kainulainen@kempower.com
Puh. +358 29 0021900
Kempower, Media:
Paula Savonen, Director, Communications
paula.savonen@kempower.com
+358 400 343 851
Certified Adviser
Alexander Corporate Finance Oy
+358 50 520 4098
About Kempower:
Kempower designs and manufactures DC fast charging solutions for electric vehicles and machines. We’re a team of electric vehicle enthusiasts with a deep understanding of the charging market and a hands-on mentality. Our product development and production are rooted in Finland, with a majority of our materials and components sourced locally. We focus on all areas of transportation, from personal cars and commercial vehicles to mining equipment, boats, and motorsports. With Kemppi Group’s 70 years’ experience in perfecting DC power supplies, we set the bar high in engineering and user-experience design. Kempower is listed in the Nasdaq First North Growth Market Finland. www.kempower.com
Follow Kempower on LinkedIn!
Contacts
- Jukka Kainulainen, Chief Financial Officer, Kempower, jukka.kainulainen@kempower.com