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Kempower Q4'23: Hiccup in growth
Fourth quarter of 2023 was a disappointment for Kempower investors as the order intake was lower than expected. At the same time growth and earnings were also lower than estimated. Kempower is getting ready for a new generation technology which should widen their competitive advantages. Transformation towards BEVs is also progressing as anticipated. CEO Tomi Ristimäki comments in an interview with Verneri Pulkkinen.
Topics:
00:00 Introduction
00:14 Strong growth but order intake below expectations
01:07 Fixed costs higher
02:00 Optimistic guidance
03:24 Next generation technology
05:05 New technology widens comptetitive edge
06:07 NACS-standard in Kempower products
06:45 High interest in USA
08:10 Transformation towards BEVs