PowerCell continued its good progress in the quarter with strong growth of 68% to
PowerCell’s most important commercial success in the quarter was the contract covering deliveries of hydrogen solutions to two ferries that will operate in
“We continue to accelerate our growth journey and with a positive cash flow in the first quarter 2023”, Richard Berkling, CEO of
“The gross margin increased to 37.9 (32.8) percent, despite changed reporting of certain indirect production costs, which negatively impacted gross profit by
Financial highlights
SEK million, unless other stated | Jan- | Jan- | 2022 |
Net sales | 50.5 | 30.0 | 244.7 |
Gross profit | 19.1 | 9.8 | 113.0 |
Gross margin*, % | 37.9 | 32.8 | 46.2 |
Operating income | -26.2 | -28.6 | -75.0 |
Net income | -24.2 | -24.5 | -58.2 |
Earnings per share (basic and diluted), SEK | -0.45 | -0.45 | -1.09 |
Shareholder equity ratio, % | 64.9 | 72.9 | 70.2 |
Operating cash flow | 11.6 | -42.2 | -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 expertize 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 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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