Sweden's Powercell Q3 sales drop, loss widens
Sweden's Powercell Q3 sales drop, loss widens
Overview
Sweden hydrogen electric solutions provider's Q3 net sales fell 61% yr/yr
Loss per share widened in Q3 compared to last year
Company reduced selling, administrative and R&D expenses by 25% yr/yr
Outlook
Company expects annual cost level to be about SEK 50 mln lower in 2027
Company sees rising demand for power generation from data center expansion and energy resilience
Result Drivers
COST REDUCTIONS - Co said cost and organizational measures led to lower selling, administrative and R&D expenses
AI DATA CENTER ORDER - Co secured multi-MW Power Generation order for AI data center, valued at about SEK 30m
HYDROGEN PARTNERSHIP - Co announced 300 MW+ Hydrogen Power Partnership for AI Data Centers with ECL, supported by Bosch
Company press release: ID:nMFN4DZRVL
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q3 Sales |
| SEK 33.10 mln |
|
Q3 Net Loss |
| SEK 34.20 mln |
|
Q3 Gross Margin |
| 27.50% |
|
Q3 Loss Per Basic Share |
| SEK 0.59 |
|
Q3 Operating loss |
| SEK 33.70 mln |
|
Analyst Coverage
Wall Street's median 12-month price target for Powercell Sweden AB (publ) is SEK18.00, about 1.1% below its October 21 closing price of SEK18.20
Reuters Recommended Reads
Oct 21 - Sweden's Husqvarna slightly misses Q3 sales estimates amid weak demand
Oct 21 - Sweden's SKF misses Q3 sales, operating profit estimates
Oct 22 - Sweden's AFRY beats Q3 sales estimates on strong order backlog
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.)