Sami Teininen joins Kempower from Fastems, where he served as Chief Information Officer (CIO) responsible for global IT strategy, governance, cybersecurity, data and analytics, and digital transformation. Prior to Fastems, he held several IT leadership positions at Nokian Tyres, where he was responsible for global IT operations, service management, and extensive IT and process development programs, as well as serving in IT management roles in North America.
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Didnât this use to be 14 billion? Implicit growth has dropped from ~28â30% to about 22%.
The most significant concrete change was a relaxation: the old target was âŹ750 million in revenue in the medium term (2026â2028) and a 10â15% margin. Today, this was replaced by a 15â25% CAGR for 2025â2030 and the same margin range by 2030 â meaning the concrete euro-denominated revenue target was removed and replaced with a wide growth range, the midpoint of which (~âŹ625M in 2030) is actually below the old âŹ750M target and pushed two years further out. And the market figure changed from âŹ14bn (EU+NA) â âŹ10bn+ (EU+NA+APAC). This is not a positive surprise â itâs a recalibration, and partly downwards.
Nevertheless, Iâd rather take this new Kempower 2.0 with clearer guidelines and focus. Tomorrow weâll see if Bhasker âdoes an Elonâ and, along with his team, talks the share price up despite the lowered targets. Thereâs already a good rise in the base, though.
Personally, Iâm most looking forward to Katriâs and Jussiâs segments.
Also, will we get information about the new CTO, or are they still searching for the right rockstar?
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Here are Kassuâs comments regarding Kempowerâs updated strategy and new targets. 
Kempower published its updated strategy and new financial targets for the years 2026â2030 on Monday. The company aims for a 15â25% annual revenue growth (CAGR) and a 10â15% operative EBIT margin by 2030. The targets and strategic priorities, such as geographical diversification and growing the service business, are in line with our previous expectations. The company is hosting a Capital Markets Day tomorrow, where it will present its updated strategy in more detail.
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Yleâs article on the increasing prevalence of electric trucks and vans. From Kempowerâs perspective, this development is very positive.
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The first Mega satellites have also been installed in Finland. 
Or were these the second ones? I think the first ones were at MĂ€kipeura in TervolaâŠ
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This is what weâve been waiting for! A new satellite is coming. Even better UI, better branding, and above all, faster installation!
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Kempower panostaa lisÀÀ Aasiaan strategian mukaisesti.
"As investment dynamics shift, CPO strategies are evolving from rapid expansion to more disciplined, performance-driven growth, with greater focus on site quality, optimal configurations, and clear pathways to return on investment (ROI).
In Malaysia, Kempower is working closely with local partners to support the development of a robust charging network that balances performance, cost efficiency, and scalability, including improving reliability and supporting long-term infrastructure planning.
As part of its ongoing engagement, Kempower recently hosted a media and creator briefing in Kuala Lumpur, sharing insights into charging trends, regional expansion plans, and the importance of aligning infrastructure strategies with real-world driver behavior.
The session underscored the need for stronger collaboration across public and private sectors to build a resilient and future-ready ecosystem that supports Malaysiaâs sustainability ambitions.
With its continued expansion in the region, Kempower remains committed to powering the transition toward cleaner mobility, making charging more accessible, efficient, and reliable for all, while enabling operators to build sustainable and profitable networks."
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In the CMD, it seemed that Kempower does not consider South America as one of its market areas. I wonder why? A zero-tariff trade agreement with the EU was also just finalized. Perhaps they are lagging a bit behind in electric vehicle adoption. Attached is a response from Claude regarding the situation.
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It seems to be a matter of focus. Kempower is currently in a situation where it needs to turn the heavy investments of recent years into profit (targeting a 10â15% EBIT margin). Expanding into too many new and developing markets simultaneously would overstretch management, supply chains, and sales resources. Capturing the US and APAC regions requires all their attention right now. Additionally, China already has a significant presence in the South American markets.
The work seems to be further ahead in APAC countries, and that market suits Kempower better than South America.
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Severe Shortage of Charging Stations Could Boost Kempower in America
A growing shortage of electric vehicle charging equipment has hit the United States, which is likely to bolster the share prices of Kempower and its American peers.
Finally, some positive energy for investors in the EV charging space. The share prices of equipment manufacturers and infrastructure builders, such as Kempower, and American companies EVgo and ChargePoint, have seen a brisk rise over the past few weeks.
The widening gap between supply and demandâa bottleneck in the charging equipment marketâalways drives up prices. This has begun to attract private equity investors and, consequently, billion-dollar investments into U.S. electric vehicle charging.
The shortage of charging equipment came to the forefront in late May of this year during a historically large acquisition in the sector, where the EQT fund, managed by the Swedish Wallenberg family, is purchasing a majority stake in the major EV infrastructure builder and charging provider Voltera-Revel Transit in the United States.
âThe availability of chargers has remained a bottleneck for the adoption of electric vehicles. Demand is also being driven by robotaxis, which are accelerating their commercial services,â Revel stated in a press release regarding the EQT acquisition.
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The information content remained unfortunately thin. It doesnât give the impression that the writer is actually an expert.
The company can thus be considered relatively equal to its competitors listed on the New York Stock Exchange.
Peers, perhaps, but EVgo and ChargePoint are certainly not competitors of Kempower.
In the States, there are indeed quite few DC chargers relative to the EV fleet (I recall seeing these ratios on the CMD slides as well). Putting this in the headline as âCrying shortage of charging equipmentâ feels a bit like an exaggeration.
I do hope, however, that the hype is on the right track despite everything, and that the Q2 figures finally hit the jackpot or at least dispel doubts about the difficult competitive position in passenger car chargers in North America.
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There are no indications that Kempowerâs Q2 will âbreak the bankâ in US passenger car charging. The post was completely off the mark in hinting at a special position for Kempower.
The US market situation for DC charging in April:
Blink is the only one in the named group that uses Kempower equipment, and even they only have a total of 2 sites open.
EVgo, ChargePoint, and Tesla also manufacture their own charging equipmentâthey also operate as operators. Blink also has its own production. It is probably not worth loading high expectations for the US market into the Kempower stock.
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At the moment. 14 new stations bring much-needed visibility and experience in the eyes of larger operators as well. Additionally, Kempower has several smaller CPOs (Charge Point Operators) using them. Installation is also slow. A deal today and the first chargers are in the ground by the end of the year?
EVgo does not make its own chargers; they buy (currently 100%) from Delta Electronics. They have previously installed Signet, BTC Power, and ABB chargers as well.
ChargePoint is still hemorrhaging so much cash (making âcodâ / âturskaaâ) that itâs hard to see them remaining in the market in their current form in a couple of years. There has been improvement, but they still have a quarterly loss of 50 million dollars, which is over 3x more than Kempowerâs annual loss. Cumulative losses are over 2 billion. Especially considering Kempowerâs 2026 result could very well be profitable already.
Finally, Kempowerâs growth in America will largely come from heavy transport. School buses are a good example of this.
The American streams are still relatively small, but they are growing fast.
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The European bus market is not quite mature yet. Growth, however, is definitely there!
According to this LinkedIn post, the European electric bus market is projected to reach $15.58 billion by 2031, with a significant portion of this expected to be directed toward depot charging, grid upgrades, and smart energy platforms.
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This has been a major topic of discussion during the spring:
A recent article in Kauppalehti contemplates whether the Persian Gulf and oil crisis will accelerate the transition to electric vehicles
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Look at whatâs happening on Nettiauto
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Extreme bull case for electrification!
However, an article by HS Visio based on a LĂ€hi-Tapiola survey (no paywall) paints a more moderate picture regarding the impact of rising fuel prices in Finland. Many have reduced their driving or aim to drive more economically, but according to the survey, only 3% have switched to electric or considered it because of this.
About half of the respondents say that high pump prices have no impact on their driving. Only three percent say they have switched or are considering a switch to electric.
The results are surprising, as the prolonged crisis in the Strait of Hormuz was predicted to be the breakthrough moment for electric cars. Military actions between Iran and the United States pushed the liter prices of the most common fuels above the two-euro mark, which is considered a painful threshold.
However, the price perception has improved in favor of electric cars.
Respondents were asked to estimate whether an electric car, including operating costs, becomes cheaper than an internal combustion engine vehicle. 21 percent believe so, compared to 14 percent last autumn.
LĂ€hi-Tapiola believes that electrification will accelerate throughout the rest of the year.
âAn electric car can be found with a friend, a friendâs family, or at the workplace. Positive word-of-mouth spreads through social media and experiences in the immediate environment,â says Alaviiri.
According to the latest statistics, the electrification of new cars (as well as those imported used) has been strong in Finland during the beginning of the year.
The electrification of new passenger cars continues to be strong. Of the first-time registered passenger cars in JanuaryâMay, 47.7 percent were fully electric. In JanuaryâMay 2025, the share of fully electric passenger cars in first-time registrations was 34.3 percent.
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An excellent chart was released today showing that EV sales in euros on Nettiauto are already about to surpass others; this was taken from Kauppalehti:
paywall: NÀin Suomen autokauppa muuttui: MissÀ sÀhköautot, siellÀ eurot | Kauppalehti
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