Sweden's PowerCell Q1 net sales fall 37% on weaker demand

Powercell Sweden AB (publ)

23/04/2026 06:43

Overview

Sweden hydrogen fuel cell maker's Q1 net sales fell 37% yr/yr amid volatile demand

Q1 gross margin declined to 22.4% from 37.1% a yr earlier

Company joined two EU-funded maritime hydrogen projects during the quarter

Outlook

Company did not provide specific guidance for the current quarter or full year in its press release

Result Drivers

VOLATILE DEMAND - Co said Q1 performance was in line with increased volatility in demand highlighted previously

Company press release: ID:nMFNbsr1G7

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Sales
SEK 46.90 mln
Q1 Net Income
-SEK 39.80 mln
Q1 Gross Margin
22.40%
Q1 Basic EPS
-SEK 0.69
Q1 Operating Cash Flow
-SEK 92.70 mln
Q1 Operating Income
-SEK 40.40 mln


Analyst Coverage

The current average analyst rating on the shares is "hold" and the breakdown of recommendations is no "strong buy" or "buy", 2 "hold" and no "sell" or "strong sell"

The average consensus recommendation for the electrical components & equipment peer group is "buy."

Wall Street's median 12-month price target for Powercell Sweden AB (publ) is SEK34.00, about 39.2% above its April 22 closing price of SEK24.42

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)