Sweden · Delayed Price · Currency is SEK PowerCell Sweden AB Earnings Call Transcripts
Fiscal Year 2026
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Q2 2026 revenue fell 46% year-over-year, but order intake rose sharply, signaling strengthening demand despite ongoing market volatility. Cost base realignment and strategic focus on marine and power generation segments position the company for future growth.
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Q1 2026 saw lower revenue and profit due to reduced IP and royalty income, but gross margin improved from a prior Bosch deal. Marine and power generation segments show strong demand, though market uncertainty and infrastructure gaps persist.
Fiscal Year 2025
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2025 saw record margin improvements, positive full-year EBITDA, and 24% organic growth, with Marine as the core segment and Power Generation emerging as a second pillar. Liquidity improved, and the company is positioned for scalable growth in 2026 amid ongoing market volatility.
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Q3 saw 90% revenue growth year-over-year and positive rolling 12-month EBITDA, driven by strong marine orders and operational leverage. New product launches and service contracts are set to support future growth, with European demand remaining robust despite regulatory delays.
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Record Q2 revenue and first-ever positive rolling 12-month EBITDA were achieved, driven by strong order intake and disciplined cost control. Key OEM partnerships, new product milestones, and a solid cash position support a positive outlook despite ongoing market complexity.
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Q1 saw 42% revenue growth and improved EBITDA, driven by strong OEM orders and new product traction. Market conditions remain challenging, but order intake and production are accelerating, with a clear focus on breakeven and continued innovation.
Fiscal Year 2024
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Q4 2024 delivered 30% revenue growth and a return to profitability, driven by strong OEM demand in marine and power generation, new product launches, and improved cash flow. Strategic focus for 2025 is on scaling OEM business, innovation, and reaching break-even.
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Q3 2024 delivered 3% quarterly and 12% rolling twelve-month growth, highlighted by a milestone marine OEM order and the start of serial production. Gross margin remained healthy at 30%, with improved cash flow and strong momentum across marine, aviation, and power generation segments.
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Q2 saw 6% sales growth and record rolling 12-month sales, despite a softer market and a temporary gross margin dip due to inventory reevaluation. The company is transitioning to OEM-driven sales, expanding in marine and power generation, and remains confident in future growth and operational leverage.