Kempower

Hello everyone, I'm happy to share our financial results of the quarter 3-22. The quarter was strong and it was driven by strong growth in all our key target markets. I'm especially happy on our continued sales expansion outside of the nudics. The sales demand was growing evenly in all our markets. In Q3 our revenue increased over 32 million euros, which is almost the combined Q1 and Q2 of this year.

In Q3 of 2022, our order intake grew to record high level once again to 65.4 million euros, comparing to 5.8 million euros one year back. Our operative EBIT was positive 7% during the quarter, driven by faster top-line growth comparing the development in fixed costs. In Q3 of 2022, we received green equity designation from NASDAQ, which is an important milestone in execution of our ESG strategy. Sustainability assessment carried out by external auditor states that Kemppau charging solutions contributes towards European Union's climate neutrality targets.

Hello and greetings from the production. We have now officially opened this production space and here we have 10 300 square meters production. And additionally we have also rented a production space from our second site here in Lahti, the building next to this factory. So all together we have 14 000 square meters production space available in Lahti. Our main challenge is not recruitment or production lines, but we need to scale up our supply chain where availability of the electronic components is still the main challenge. We are currently ramping up our own assembly of power modules in order to have own production in addition to our subcontracting. This will further increase our production capacity. Our own power module production will gradually scale up during 2023.