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Kempower Oyj

Sector unknown·KEMPOWR · Nasdaq Helsinki·Fiscal year to 31/12/2025

ElectrificationDigitalisationElectricityLabour and wagesCyber attacks and IT security risk

Exposure profile

Raw materials and inputsMacroTechnologyRegulationEnd marketsGeography
Raw materials and inputs Electricity, Labour and wages, Chemicals and specialty chemicals, Steel
Macro Cyber attacks and IT security risk, Interest rates, USD vs DKK/EUR, Other currencies
Technology Electrification, Digitalisation, Energy efficiency, Artificial intelligence
Regulation EU climate and energy policy, Carbon tax and ETS prices, Circular economy and recycling
End markets Electric vehicles and EV batteries
Geography Europe, United States, Denmark, Nordics

Derived from what the company itself writes. Empty directions mean the report doesn't mention themes of that type.

In their own words

Grouped by theme, from the management review in the annual report. A · The company itself is a verbatim quote, B · From the report is without a verified quote.

Electrification

Technology

DriverNegative impact: weakens

“Energy demand is rising as a result of growing electrification, further propelled by the electrification of fleets. The key challenge is to ensure grid capacity without exceeding infrastructure limits.”

Annual report 2025A · The company itself

DriverPositive impact: strengthens

“To enhance climate impact for customers and reduce transportation emissions, Kempower’s chargers provided 2 128.8 MWh/day of charging power in 2025, compared to 1,084 MWh/day in 2024.”

Annual report 2025A · The company itself

DriverNegative impact: weakens

“Kempower has identified a particular risk related to charging stations near schools or family areas.”

Annual report 2025A · The company itself

StrategyPositive impact: strengthens

“Kempower allocates resources to innovation, as significant of its workforce is dedicated to research and development, and the related expenses represent 8% of the company’s 2025 revenues.”

Annual report 2025A · The company itself

StrategyPositive impact: strengthens

“The five-year “Hete” project, launched in 2024, continues to advance the electrification of heavy traffic with the goal of creating a global ecosystem by 2030 to research and develop new technologies and business models. In 2025, the research focused on EV charging technologies, customer applications, digital platforms, and next-generation DC fast charging.”

Annual report 2025A · The company itself

Market

“Our main focus is on public charging, a segment that covers all charging away from home or base of operations.”

Annual report 2025A · The company itself

Market

“We deliver robust charging solutions for construction, mining, seaports, airports, and agricultural machinery, enabling industries to cut emissions and boost energy efficiency – even in challenging environments.”

Annual report 2025A · The company itself

Chains out: this strengthens Electricity, strengthens Power grid expansion, strengthens Copper

Electric vehicles and EV batteries

End markets

StrategyPositive impact: strengthens

“The five-year “Hete” project, launched in 2024, continues to advance the electrification of heavy traffic with the goal of creating a global ecosystem by 2030 to research and develop new technologies and business models. In 2025, the research focused on EV charging technologies, customer applications, digital platforms, and next-generation DC fast charging.”

Annual report 2025A · The company itself

StrategyPositive impact: strengthens

“Kempower also collaborates with EV associations to gain broader insights and refine customer experience strategies, participates in industry associations to influence industry norms and regulation, and publishes usability studies as whitepapers to share insights on device performance.”

Annual report 2025A · The company itself

Market

“While private cars lead growth, vans and trucks will also increasingly use public charging as transport electrification expands.”

Annual report 2025A · The company itself

Market

“We see sound growth potential in commercial truck fleets as they transition to electric.”

Annual report 2025A · The company itself

Market

“The uptime of Kempower's chargers Kempower is MORE Sustainability statement statement Financial statements Remuneration report ≡ Megatrends and Kempower’s target market In 2025, the DC fast-,,,charging market grew strongly. Public charge point operators (CPOs) focused on improving profitability, while fleets focused on cost efficiency. Kempower strengthened its position in fleet charging with its Megawatt Charging System (MCS) as market needs evolved.”

Annual report 2025A · The company itself

Market

“SBM-3 – Material impacts, risks and opportunities and their interaction with strategy and business model Kempower’s end-users include individuals who charge their electric vehicles using Kempower’s charging devices at various locations, such as petrol stations and retail stores.”

Annual report 2025A · The company itself

Energy efficiency

Technology

StrategyPositive impact: strengthens

“The sustainability guidelines cover the aspects of durability, recycled materials and virgin resources, chemical requirements, and the overall minimization of environmental impact.”

Annual report 2025A · The company itself

Market

“We deliver robust charging solutions for construction, mining, seaports, airports, and agricultural machinery, enabling industries to cut emissions and boost energy efficiency – even in challenging environments.”

Annual report 2025A · The company itself

Market

“The uptime of Kempower's chargers Kempower is MORE Sustainability statement statement Financial statements Remuneration report ≡ Megatrends and Kempower’s target market In 2025, the DC fast-,,,charging market grew strongly. Public charge point operators (CPOs) focused on improving profitability, while fleets focused on cost efficiency. Kempower strengthened its position in fleet charging with its Megawatt Charging System (MCS) as market needs evolved.”

Annual report 2025A · The company itself

Chains in: Carbon tax and ETS prices strengthens, EU climate and energy policy strengthens

Shipping and logistics

End markets

Market

“We strive to earn the trust of our clients who rely on Kempower’s solutions, along with our extensive network of sales and service partners. By deeply understanding both the market and our customers, we deliver user-friendly DC fast-charging experiences that set us apart. • Earning the trust of leading global operators who are driving electrification across segments and regions. • Entered the U.S market with a strong start and attractive share gain opportunity to deliver above-market growth rates. • Demonstrated ability to scale with long‑standing customers, delivering hundreds of high‑power charging points that support reliable, day‑to‑day fleet operations across multiple regions.”

Annual report 2025A · The company itself

Market

“Kempower has been selected as one of Kalmar’s strategic partners for developing a comprehensive new range of DC fast charging solutions for material handling and logistics, focusing on the port segment. This role enables us to leverage shared customer insights to deliver tailored, high performance and user-friendly systems for the global port sector.”

Annual report 2025A · The company itself

Market

“Additionally, commercial fleet operators, particularly those managing buses and trucks, also rely on Kempower’s charging solutions to support their operations.”

Annual report 2025A · The company itself

Chains in: Carbon tax and ETS prices weakens, Global trade volumes strengthens, Fuel strengthens

Aviation and travel

End markets

Market

“SBM-3 – Material impacts, risks and opportunities and their interaction with strategy and business model Kempower’s end-users include individuals who charge their electric vehicles using Kempower’s charging devices at various locations, such as petrol stations and retail stores.”

Annual report 2025A · The company itself

Market

“Additionally, commercial fleet operators, particularly those managing buses and trucks, also rely on Kempower’s charging solutions to support their operations.”

Annual report 2025A · The company itself

Chains in: Fuel strengthens, Pandemics and outbreaks weakens

Artificial intelligence

Technology

StrategyPositive impact: strengthens

“Kempower allocates resources to innovation, as significant of its workforce is dedicated to research and development, and the related expenses represent 8% of the company’s 2025 revenues.”

Annual report 2025A · The company itself

Chains out: this strengthens Data centres, strengthens Semiconductors and electronic components, strengthens Semiconductor industry

Circular economy and recycling

Regulation

StrategyPositive impact: strengthens

“In its product design, Kempower applies internal eco-design guidelines to promote sustainable practices, and the products are free from hazardous chemicals. For more information about the sustainability criteria in Kempower’s research, development, and innovation processes, see the section E5 Resource use and circular economy.”

Annual report 2025A · The company itself

Chains in: EU climate and energy policy strengthens

Cybersecurity (products and services)

Technology

StrategyPositive impact: strengthens

“In 2025, Kempower continued to strengthen its Information Security Management System (ISMS), maintaining ISO 27001 certification and advancing NIS2 compliance. Key actions completed during the reporting year include expanded penetration testing, continuous monitoring, and risk-based improvements.”

Annual report 2025A · The company itself

Chains in: Cyber attacks and IT security risk strengthens
Chains out: this strengthens Digitalisation

Digitalisation

Technology

StrategyPositive impact: strengthens

“We use digital tools like our ChargEye software for smart charging control, remote monitoring and data-driven optimization, helping charging networks run reliably, efficiently, and at scale. Kempower is MORE Sustainability statement statement Financial statements Remuneration report ≡ Kempower’s market focus Fast charging market The market for fast charging in our core regions is experiencing rapid growth, particularly in North America and Europe.”

Annual report 2025A · The company itself

Chains in: Cybersecurity (products and services) strengthens, Public investment and infrastructure strengthens
Chains out: this strengthens IT consulting and public-sector IT

Semiconductors and electronic components

Raw materials and inputs

StrategyPositive impact: strengthens

“At Kempower, product safety and sustainability are integrated in the product design process. All products comply with their relevant health and safety directives globally and in the European Union, such as the Low Voltage and Radio Equipment directives, as well as the RoHS and REACH directives on hazardous substances and chemical safety, respectively. Additionally, Kempower’s products meet the requirements of the IEC 61851 standard family for EV charging systems.”

Annual report 2025A · The company itself

Chains in: Artificial intelligence strengthens

United States

Geography

DriverPositive impact: strengthens

“We project that by 2030, the European and North American DC fast-charging market will expand to approximately EUR 14 billion to support the growing number of battery electric vehicles. In Europe and North America, the number of DC fast-charging points is expected to grow to 2.7 million units from 0.4 million in 2025.”

Annual report 2025A · The company itself

Geography

“While Europe is developing strongly, North America is projected to see even higher demand. Our solutions are engineered to meet the requirements of electric trucks, vans, and buses.”

Annual report 2025A · The company itself

Geography

“In North America, public funding is accelerating BEV adoption, but favorable economics and total cost of ownership remain the primary drivers of the broader EV transition. We are continuing to expand in Europe, sustaining a strong foothold in the Nordics and increasing our market share in Southern Europe while enhancing our offerings in Central Europe.”

Annual report 2025A · The company itself

Geography

“NYC’s fastest EV charging hub supports a sustainable rideshare transformation As New York City targets a zero-emission rideshare fleet by 2030, Revel’s Pier 36 charging hub on the East River delivers fast and accessible EV access. At the launch of the state-of-the-art DC fast charging hub at Pier 36, Lower Manhattan, NYC, Kempower and Revel marked a significant milestone in sustainable urban mobility.”

Annual report 2025A · The company itself

Geography

“Kempower is supplying advanced DC fast chargers and its first Megawatt Charging System (MCS) dispensers in North America to EV Realty’s new 76-stall truck fleet charging hub. The site in San Bernardino, California, is set to be the largest grid-connected charging site in the US. It will power over 200 Class 8 trucks per day.”

Annual report 2025A · The company itself

Geography

“Our pioneering technology makes Kempower an industry leader, and we are well positioned to capture both markets with our production facilities located in Lahti, Finland, and in North Carolina, USA.”

Annual report 2025A · The company itself

Geography

“Kempower expands in the U.S. by partnering with PowerUp America, strengthening its role in delivering reliable and uniquely designed charging solutions while supporting domestic job creation and local economic growth.”

Annual report 2025A · The company itself

Geography

“In Europe, some long-standing customers are gradually increasing their investments, with the exception of the Nordics, where activity remains moderate following the high investment levels of recent years. In North America, our outlook is positive given our strengthening market share and competitiveness.”

Annual report 2025A · The company itself

Chains in: USD vs DKK/EUR mixed effect

Europe

Geography

DriverPositive impact: strengthens

“We project that by 2030, the European and North American DC fast-charging market will expand to approximately EUR 14 billion to support the growing number of battery electric vehicles. In Europe and North America, the number of DC fast-charging points is expected to grow to 2.7 million units from 0.4 million in 2025.”

Annual report 2025A · The company itself

Geography

“While Europe is developing strongly, North America is projected to see even higher demand. Our solutions are engineered to meet the requirements of electric trucks, vans, and buses.”

Annual report 2025A · The company itself

Geography

“In North America, public funding is accelerating BEV adoption, but favorable economics and total cost of ownership remain the primary drivers of the broader EV transition. We are continuing to expand in Europe, sustaining a strong foothold in the Nordics and increasing our market share in Southern Europe while enhancing our offerings in Central Europe.”

Annual report 2025A · The company itself

Geography

“In Europe, some long-standing customers are gradually increasing their investments, with the exception of the Nordics, where activity remains moderate following the high investment levels of recent years. In North America, our outlook is positive given our strengthening market share and competitiveness.”

Annual report 2025A · The company itself

Electricity

Raw materials and inputs

DriverNegative impact: weakens

“Energy demand is rising as a result of growing electrification, further propelled by the electrification of fleets. The key challenge is to ensure grid capacity without exceeding infrastructure limits.”

Annual report 2025A · The company itself

InputNegative impact: weakens

“As of the end of 2025, all energy consumed at Kempower’s Finnish locations was 100% carbon-free.”

Annual report 2025A · The company itself

Chains in: Data centres strengthens, Electrification strengthens
Chains out: this strengthens Power grid expansion

Aluminium

Raw materials and inputs

InputNegative impact: weakens

“Metals (steel, Al, Cu) 90.6% 81.1% Plastics 4.1% 18.5% Printed circuit boards 3.1% 0.3% Other (electronic components) 2.2% 0.2% Weight (tonnes) Material category 2025 2024 Products (including packaging) 3,779.0 3,136.8 Technical materials (manufactured goods and parts) Biological materials (materials not purchased) Total 3,779.0 3,136.8 The products category includes all resource inflows used in the assembly of Kempower’s products such as components, individual parts (e.g., screws and plugs), and packaging.”

Annual report 2025A · The company itself

InputNegative impact: weakens

“The workers most likely to be materially impacted by social and human rights -related issues are those involved in the extraction of the minerals that are used in components, such as aluminum and copper, the production of components, as well as their transportation.”

Annual report 2025A · The company itself

Labour and wages

Raw materials and inputs

DriverNegative impact: weakens

“The main material risks identified are related to suppliers' potential noncompliance with labor regulations and its reputational impact to Kempower.”

Annual report 2025A · The company itself

DriverNegative impact: weakens

“Additionally, potential risks of child and forced labor have been identified for upstream suppliers located in countries with weaker governance frameworks.”

Annual report 2025A · The company itself

Carbon tax and ETS prices

Regulation

DriverPositive impact: strengthens

“Shareholder Return (TSR) of the Kempower share in 2024–2026, Group Revenue in 2024-2026 and CO2 emission reduction per Revenue in 2024-2026. Growing revenue together with a growing order intake indicates that there are more EV charging infrastructure units installed to help the growth of more sustainable transportation and the resultant moving away from fossil fuels, and the therefore lowering of the CO2 emissions in transportation in general.”

Annual report 2025A · The company itself

Chains out: this weakens Shipping and logistics, strengthens Energy efficiency, weakens Cement and building materials

Chemicals and specialty chemicals

Raw materials and inputs

InputNegative impact: weakens

“The supplied components must comply with Restriction of Hazardous Substances (RoHS) and Registration, Evaluation, Authorization and Restriction of Chemicals (REACH) regulations.”

Annual report 2025A · The company itself

Copper

Raw materials and inputs

InputNegative impact: weakens

“The workers most likely to be materially impacted by social and human rights -related issues are those involved in the extraction of the minerals that are used in components, such as aluminum and copper, the production of components, as well as their transportation.”

Annual report 2025A · The company itself

Chains in: Electrification strengthens, Data centres strengthens
Chains out: this strengthens Mining

Cyber attacks and IT security risk

Macro

DriverNegative impact: weakens

“Kempower has identified potential negative impacts and risks regarding potential individual safety incidents or damage due to malfunction of products.”

Annual report 2025A · The company itself

Chains out: this strengthens Cybersecurity (products and services)

EU climate and energy policy

Regulation

DriverPositive impact: strengthens

“Shareholder Return (TSR) of the Kempower share in 2024–2026, Group Revenue in 2024-2026 and CO2 emission reduction per Revenue in 2024-2026. Growing revenue together with a growing order intake indicates that there are more EV charging infrastructure units installed to help the growth of more sustainable transportation and the resultant moving away from fossil fuels, and the therefore lowering of the CO2 emissions in transportation in general.”

Annual report 2025A · The company itself

Chains out: this strengthens Circular economy and recycling, strengthens Energy efficiency

Steel

Raw materials and inputs

InputNegative impact: weakens

“Metals (steel, Al, Cu) 90.6% 81.1% Plastics 4.1% 18.5% Printed circuit boards 3.1% 0.3% Other (electronic components) 2.2% 0.2% Weight (tonnes) Material category 2025 2024 Products (including packaging) 3,779.0 3,136.8 Technical materials (manufactured goods and parts) Biological materials (materials not purchased) Total 3,779.0 3,136.8 The products category includes all resource inflows used in the assembly of Kempower’s products such as components, individual parts (e.g., screws and plugs), and packaging.”

Annual report 2025A · The company itself

Chains in: Wind power strengthens

Denmark

Geography

Geography

“Our pioneering technology makes Kempower an industry leader, and we are well positioned to capture both markets with our production facilities located in Lahti, Finland, and in North Carolina, USA.”

Annual report 2025A · The company itself

Interest rates

Macro

DriverMixed impact: mixed

“The changes in interest rates affect Kempower’s financial items through deposits, other financial assets, utilized bank overdrafts and other financial liabilities. The investment portfolio is subject to interest rate risk, which is managed with the duration of the portfolio.”

Annual report 2025A · The company itself

Chains in: Public debt and fiscal policy strengthens, Inflation strengthens
Chains out: this weakens Construction, weakens Real estate, weakens Wind power, weakens Housing market, weakens Office and commercial property, weakens Residential rental, weakens Residential construction

Nordics

Geography

Geography

“In Europe, some long-standing customers are gradually increasing their investments, with the exception of the Nordics, where activity remains moderate following the high investment levels of recent years. In North America, our outlook is positive given our strengthening market share and competitiveness.”

Annual report 2025A · The company itself

Other currencies

Macro

DriverMixed impact: mixed

“Sensitivity analysis, impact on pre-tax profit/loss as at 31 Dec 2025 USD NOK GBP SEK CAD AUD PLN 117.8 63.2 88.2 113.5 5.7 -23.6 40.2 -144.0 -77.2 -107.8 -138.7 -7.0 28.8 -49.1 Sensitivity analysis, impact on pre-tax profit/loss as at 31 Dec 2024 USD NOK GBP SEK CAD AUD PLN 190.6 -19.8 24.1 61.1 49.2 -16.7 22.9 -233.0 24.3 -29.4 -74.7 -60.1 20.4 -28.0 Kempower is MORE Sustainability statement statement Financial statements Remuneration report ≡ 4.3 FINANCIAL ASSETS AND LIABILITIES The Company has classified the hierarchies of financial assets according to the availability of data on market terms and other price data.”

Annual report 2025A · The company itself

USD vs DKK/EUR

Macro

DriverMixed impact: mixed

“Sensitivity analysis, impact on pre-tax profit/loss as at 31 Dec 2025 USD NOK GBP SEK CAD AUD PLN 117.8 63.2 88.2 113.5 5.7 -23.6 40.2 -144.0 -77.2 -107.8 -138.7 -7.0 28.8 -49.1 Sensitivity analysis, impact on pre-tax profit/loss as at 31 Dec 2024 USD NOK GBP SEK CAD AUD PLN 190.6 -19.8 24.1 61.1 49.2 -16.7 22.9 -233.0 24.3 -29.4 -74.7 -60.1 20.4 -28.0 Kempower is MORE Sustainability statement statement Financial statements Remuneration report ≡ 4.3 FINANCIAL ASSETS AND LIABILITIES The Company has classified the hierarchies of financial assets according to the availability of data on market terms and other price data.”

Annual report 2025A · The company itself

Chains out: this mixed effect United States

Competitors mentioned in the report

No named competitors in the report.

Financial figures

Revenue
latest fiscal year
0.25 bn EUR
Revenue growth
vs. the year before, same method
12.3 %
EBITDA
reported by the company
N/A
Net debt
debt incl. leasing minus cash
0.03 bn EUR
Diluted EPS
per share
-0.22 EUR

Source: annual report (ESEF) A. See the report

Criteria

Profit✗
Growing✓
Healthy balance sheetN/A

Only the criteria that can be computed from financial statements on this page. The remaining criteria (such as price and dividend) need a share price and are in the analysis.

Figures are in the report's currency (EUR), not converted to DKK. Quotes are shown as the company's own words in the report's original language.

This page describes what the company itself writes. It isn't an assessment and isn't a recommendation. Run an analysis to see how the company connects to your view.