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.

Financial highlights 

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:

Per Wassén

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. 

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