Brief: Kempower Reports Q1 EBIT of EUR 6.8 Million; Raises 2023 Profit Guidance

Kempower Oyj

20/04/2023 07:34

Apr 20 (Reuters) - Kempower Q1 EBIT margin 12.3%.
* Q1 EBITDA EUR 7.9 million
* Q1 EBIT EUR 6.8 million
* Q1 EBITDA margin 14.2%
* Q1 Order backlog increased to EUR 124.4 million (EUR 29.1 million)  
* Q1 Order intake increased to EUR 61.4 million (EUR 26.9 million) 
* Q1 Revenue increased by 385% to EUR 55.8 million (EUR 11.5 million)  
* Q1 Cash flow from operating activities was EUR 2.5 million (EUR -2.0
million) 
* Outlook 2023 revenue EUR 240–270 million (previously EUR 180 - 210
million)
* Outlook 2023 positive operative EBIT margin between 5% to 10 % 
(previously positive single digit operative EBIT margin)