Kempower’s Q1 2026 interim report shows revenue up 54% year-on-year to €66.8 million, with record order intake of €69 million (+16%) and backlog of €141 million (+32%). The growth mix: Europe outside the Nordics +87%, North America +230%, with the Nordic share of revenue down to 27% (from 44%) as the business internationalises. Operative EBIT improved to −€3.5M from −€7.3M; liquidity stands at €119M.

The report is the cleanest public financial read on the truck-charging build-out: commercial-vehicle activity called out explicitly (Plugit’s HaminaKotka MCS site serving the Finnish port, the Mega Satellite Flex launch, MCS session counts passing 4,300 by July). When the picks-and-shovels supplier grows 54% with a rising backlog, the deployment wave is real and funded — consistent with Milence’s €120M facility and Germany’s €1bn programme landing in the same quarter.

Fleets should note the margin commentary too: price pressure in the market plus a cost-reduction programme — charger prices are falling as volumes rise, which directly improves depot capex maths in your TCO models. Our calculator’s infrastructure line will track Kempower’s should-cost trend.