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 does not hold any of the company’s 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
Outlook for 2023
Kempower continues to seek strong growth in a profitable manner. The advanced entry to North American markets in 2023 impacts Kempower’s operative EBIT due to additional costs relating to recruitments and the new factory ramp up. The new manufacturing capacity in the USA is targeted to be available by the end of the 2023.
• 2023 revenue; EUR 180–210 million (2022: EUR 104 million), assuming no major impact of foreign currency exchange rates
• 2023 operative EBIT; a positive single digit operative EBIT margin, %
The company’s mid- and long- term financial targets are no longer current, and they will be updated in conjunction with the Capital Markets Day in April 2023.