Customer interest for PowerCell’s emission-free, hydrogen-electric solutions are increasing at a high rate and they come to decisions much faster now. In the quarter, net sales increased 9 percent to
To meet the strong demand and order intake, PowerCell has signed a supplier agreement with
“Keeping the same high gross margin, as second quarter last year, with a higher degree of product sales proves our ability to efficiently scale up production”, Richard Berkling, CEO of
“PowerCell is in a good position to take advantage of the strong sustainable megatrends as more and more industries move towards zero-emissions. PowerCell has a leading, industrialized offering that will be key when our customers are to become emission-free. I look forward with confidence to our continued growth journey”, Richard Berkling concluded.
Key performance indicators
SEK million, unless other stated | Apr-Jun 2023 | Apr-Jun 2022 | Jan-Jun 2023 | Jan-Jun 2022 | 2022 |
Net sales | 62.4 | 57.3 | 112.9 | 87.3 | 244.7 |
Gross profit | 21.8 | 25.6 | 40.9 | 35.4 | 113.0 |
Gross margin*, % | 34.9 | 44.6 | 36.2 | 40.6 | 46.2 |
Operating income | -31.7 | -24.6 | -57.9 | -53.2 | -75.0 |
Net income | -22.2 | -17.3 | -46.3 | -41.8 | -58.2 |
Earnings per share (basic and diluted), SEK | -0.52 | -0.32 | -0.97 | -0.78 | -1.09 |
Shareholder equity ratio, % | 55.9 | 68.7 | 55.9 | 68.7 | 70.2 |
Operating cash flow | -6.6 | -29.6 | 5.0 | -71.8 | -120.5 |
*As from
Link to the report: https://www.powercellgroup.com/en/reports-and-presentations
For further information, please contact:
Richard Berkling
CEO
+46 31 720 36 20
richard.berkling@powercellgroup.com
www.powercellgroup.com
Torbjörn Gustafsson
CFO
+46 701 86 69 86
torbjorn.gustafsson@powercellgroup.com
www.powercellgroup.com
The English version is an in-house translation. In case of any discrepancy, the Swedish text will prevail.
About PowerCell
PowerCell is a world leader in hydrogen electric solutions. With decades of experience, we use our expertise to accelerate the transition to an emission-free, more sustainable world. We target industries such as aviation, marine, off-road, on-road and stationary power generation. With our cutting-edge products we help our customers to reach net zero emissions already today.
We are headquartered in
To read more about our products and services, visit www.powercellgroup.com.
G&W Fondkommission is our Certified Adviser on Nasdaq First North Growth Market, e-mail: ca@gwkapital.se, phone: +46 8 503 000 50.
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