Feb 11 • 16:19 UTC 🇫🇮 Finland Yle Uutiset

Fast Charger Manufacturer Kempower Records Millions in Losses – CFO Nonetheless Satisfied with Company Direction

Kempower reported a loss of 12.4 million euros last year, but the CFO expressed satisfaction with the company's direction due to a significant increase in orders and revenue growth expectations.

Kempower, a manufacturer of fast chargers, faced a substantial financial setback, recording a loss of 12.4 million euros in the past year, which fell significantly short of expectations. The company's revenue remained stable while profitability dipped into the red, with shares dropping by 17.49% on the Helsinki Stock Exchange on Wednesday. Despite this challenging financial performance, Kempower's CFO, Jukka Kainulainen, maintained a positive outlook, noting that the loss was nearly halved compared to 2024, and highlighted the importance of sales and revenue growth for a growth-oriented company.

Kainulainen pointed to a remarkable growth in orders, which surged nearly 40% over the year, and a 12% increase in revenue, indicating a return to a trajectory of growth for Kempower. The company reported a record order backlog for 2025, exceeding 300 million euros, and successful acquisition of 71 new clients in the past year. This evidence of demand and expansion in their client base suggests that Kempower is on solid footing moving forward, with strategic steps being taken to enhance market presence.

Additionally, Kainulainen noted that the company has achieved growth across most market areas with the exception of the Nordic countries, pointing towards ongoing international business opportunities that may further strengthen the company's resilience. As the electric vehicle market continues to expand, Kempower's innovations in fast-charging technology could play a critical role in meeting increasing global demand, positioning the company for future success despite current financial setbacks.

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