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Kempower Q2'23: Growth outlook revised
Kempower, which issued a profit warning, suffers from a difficult market situation as customers digest their high inventory levels, which were temporarily increased due to the post-pandemic component shortage creating unusually high demand. To defend profitability and cash flow, Kempower aims for significant cost savings in the short to medium term. Kempower’s CEO Tomi Ristimäki commented on the challenging start of the year in an interview with analyst Pauli Lohi.
Topics:
00:00 Introduction
00:13 Difficult quarter
01:09 Outlook for the end of the year
01:44 Significant new customers
02:30 Progress in the United States
03:14 Price competition in the market
04:14 Decline in sales margin
04:42 Cost-saving measures