Kempower (KEMPOWR) Q3 2026 earnings summary

Executive summary

• Q3 revenue fell 10% YoY to €66.2m and order intake fell 19% to €60.8m; 9M revenue rose 12% to €201.7m.

• Weaker demand prompted FY2026 revenue growth guidance of ~5% and operative EBIT below FY2025; fixed-cost savings target rose to >€15m, with full run-rate expected from Q3 2027.

• Aftermarket revenue grew 83% in Q3, while energy delivered through chargers increased 83% to 371,910 MWh.

Financial highlights

• Q3 revenue was €66.2m, down 10% YoY; 9M revenue rose 12% to €201.7m.

• Q3 order intake was €60.8m, down 19%; 9M intake was €199.6m, down 4%, and backlog reached €128.3m, up 9%.

• Q3 operative EBIT was -€1.7m versus €0.2m a year earlier; 9M operative EBIT improved to -€7.1m from -€8.8m. Q3 net loss was €3.6m; 9M net loss was €8.9m.

• Q3 gross profit was €30.4m at a 45.9% margin; 9M gross profit was €93.1m at a 46.2% margin.

• Operating cash flow was -€5.9m in Q3 and -€18.7m in 9M, pressured by negative working-capital movements.

Outlook and guidance

• FY2026 revenue growth guidance was cut to ~5% from 10%–25%; operative EBIT is expected below FY2025's -€12.4m.

• Near-term market conditions are expected to remain challenging; potential transformation-related provisions and write-downs could further weigh on 2026 operative EBIT.

• Fixed-cost savings target increased to >€15m annually from the prior >€5m target; full run-rate is expected from Q3 2027.

• 2026–2030 targets are 15%–25% revenue CAGR in constant currency and a 10%–15% operative EBIT margin by 2030; no short-term dividends are planned.