Interim report Q1 2018
During the first quarter of 2018, PowerCell Sweden AB (publ) performed more sales and marketing activities than any quarter before and sales doubled compared to the same period last year.
PowerCell continues the transition from a development focused organisation to a customer oriented commercial pioneering company.
"Our market strategy is firm, with full focus on developing the segments that we have prioritised, while at the same time we continue to devote particular attention to the growing Chinese demand. We are building brand, delivering high-performance stacks with premium quality, and we have a solid reputation, which is confirmed by the many requests and repeat customers," says Per Wassén, CEO at PowerCell.
During the quarter, PowerCell received orders among others from China. Additional two orders were received after the end of the reporting period. The sales of the quarter amounted to MSEK 7.8, twice as much as the same period 2017.
|All numbers in TSEK||2018
|Net sales||7 814||3 940||36 738|
|Operating profit||-18 809||-15 923||-66 697|
|Profit after tax||-18 957||-15 923||-66 704|
|Operative cash flow||-10 198||-12 264||-51 324|
Gothenburg, Sweden, May 3, 2018
For further information, please contact:
CEO, PowerCell Sweden AB (publ)
Phone: +46 (0) 31 720 36 20
This information is insider information that PowerCell Sweden AB (Publ) is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the contact person set out above, at 8:45 CET on May 3, 2018.
PowerCell Sweden AB