Sweden's Powercell Q3 sales drop, loss widens 

By Reuters News


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:


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.)

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