Brief: Kempower Raises 2023 Outlook

Kempower Oyj

14/04/2023 08:37

Apr 14 (Reuters) - Kempower Q1 revenue EUR 55.8 million (EUR 11.5 million in
Q1 2022).
* Q1 orders EUR 61.4 million (EUR 26.9 million in Q1 2022)
* Q1 adjusted EBIT EUR 6.9 million (EUR -1.0 million in Q1 2022)
* Q1 order backlog EUR 124.4 million (EUR 29.1 million in Q1 2022)
* Outlook 2023 revenue EUR 230–270 million (previously EUR 180–210
million)
* Outlook 2023 operative EBIT margin between 5% to 10 % (previously a positive
single digit operative EBIT margin)
* The company’s mid and long-term financial targets are no longer current,
and they will be updated in conjunction with the Capital Markets Day on the
20th of April 2023