Share and shareholders
Kempower’s share has been listed on the First North Growth Market Finland marketplace maintained by Nasdaq Helsinki.
Kempower’s registered share capital is EUR 80,000 and the total number of shares issued is 55,542,920. The company has one series of shares. Each share entitles its holder to one vote at the Annual General Meeting. The shares have no nominal value. The company holds 125,174 of own its own shares.
Kempower’s shares are included in the book-entry system maintained by Euroclear Finland Oy. The trading code of the shares is KEMPOWR and the ISIN code is FI4000513593.
Kempower’s dividend policy
The Board of Directors of Kempower has adopted a dividend policy pursuant to which no dividends will be distributed in the short to mid-term. In the forthcoming years, the focus will be on financing the growth and the development its business.
The following table shows the company’s largest shareholders based on the shareholder register maintained by Euroclear Finland Oy.
Short term outlook
New outlook for 2023
Kempower gave a positive profit warning on 17 July 2023 and raised its profit guidance for 2023.
Strong demand for Kempower’s electric vehicle charging solutions continued in the second quarter of 2023, exceeding the company’s expectations. At the same time, Kempower has succeeded in increasing its production capacity to match the surging market demand. Kempower expects:
- 2023 revenue; EUR 280–310 million, assuming no major impact from foreign currency exchange rates (revenue 2022: EUR 104 million, the revenue outlook published earlier on 14 April 2023 was EUR 240–270 million),
- 2023 operative EBIT margin, %; over 10% (the operative EBIT margin, % outlook published on 14 April 2023 was a positive 5% – 10%)
Kempower continues to seek strong growth in a profitable manner. In H2 of 2023 Kempower will accelerate its growth initiatives towards the year 2024 both in Europe and in North America. Kempower expects significantly higher fixed costs for the second half of the year 2023.
The Board of Directors resolved on Kempower’s financial targets on 19th of April 2023.
- Growth: revenue of EUR 750 million in the medium term (years 2026-2028)
- Profitability: operative EBIT margin of 10 percent to 15 percent reached in the medium term (years 2026-2028) and operative EBIT margin of at least 15 percent in the long term
- Dividends: No dividends in the short term
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