Kempower Oyj revised earnings guidance for the year 2023. Kempower gave a positive profit warning on 14 April 2023 and raised its profit guidance for 2023. Kempower continues to seek strong growth in a profitable manner.

The advanced entry to North American markets in 2023 impacts Kempower's operative EBIT due to additional costs relating to recruitments and the new factory ramp up. The new manufacturing capacity in the USA is targeted to be available by the end of 2023. Kempower expects: 2023 revenue; EUR 240-­270 million, assuming no major impact of foreign currency exchange rates (revenue 2022: EUR 104 million); 2023 operative EBIT; positive operative EBIT margin, % between 5% to 10%.

Previous outlook for 2023: Kempower continues to seek strong growth in a profitable manner. The advanced entry to North American markets in 2023 impacts Kempower's operative EBIT due to additional costs relating to recruitments and the new factory ramp up. The new manufacturing capacity in the USA is targeted to be available by the end of the 2023.

Kempower expects: 2023 revenue; EUR 180 - 210 million (2022 revenue: EUR 104 million), assuming no major impact of foreign currency exchange rates. 2023 operative EBIT; a positive single digit operative EBIT margin, %.