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:

Key Details

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.)