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Kempower: Q3 numbers were not pretty

Kempower

The Q3 report did not yet show the desired improvement in order intake. The negative impact of high customer stock levels on demand looks set to continue until early 2025. We still expect growth to turn positive in 2025, but there is considerable uncertainty. Analyst Pauli Lohi summarizes.  

Content:
00:00 Intro
00:08 Company’s situation
01:28 Q3 
02:00 Inventory levels 
03:11 Market situation
04:25 Most important thing in Kempower’s case 
05:29 Valuation and recommendation 

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