Kempower: Demand growth slowed in Europe
We expect Kempower to deliver a strong fourth quarter in terms of earnings and revenue. We believe there is more uncertainty about the growth in order intake, as market-level investment in transport electrification appears to be leveling off after a strong period. We made cuts to order intake and growth forecasts for 2024-25.
Kempower
Kempower is active in the industrial sector. The company is a developer of charging solutions and services with a focus on the automotive sector. The range mainly includes charging posts, stations, sockets, and associated electronic equipment. In addition to the main business, various aftermarket services and technical support are offered. The largest operations are in the Nordic countries and Europe.
Read more on company pageKey Estimate Figures09.02
2022 | 23e | 24e | |
---|---|---|---|
Revenue | 103.6 | 296.8 | 394.8 |
growth-% | 278.10 % | 186.50 % | 33.00 % |
EBIT (adj.) | 6.7 | 53.3 | 63.3 |
EBIT-% (adj.) | 6.47 % | 17.95 % | 16.03 % |
EPS (adj.) | 0.07 | 0.79 | 0.89 |
Dividend | 0.00 | 0.00 | 0.00 |
Dividend % | |||
P/E (adj.) | 283.31 | 12.69 | 11.24 |
EV/EBITDA | 117.92 | 7.93 | 5.91 |