PowerCell Sweden AB (LTS:0G9R)
kr 18.84 -1.16 (-5.8%) Market Cap: 1.11 Bil Enterprise Value: 1.13 Bil PE Ratio: 0 PB Ratio: 3.74 GF Score: 75/100

Q2 2026 Powercell Sweden AB (publ) Earnings Call Transcript

Jul 16, 2026 / 06:30AM GMT

Key Points

Positve
  • Order intake increased significantly, rising to 86 million SEK in the quarter, up from 50 million SEK in the previous quarter.
  • PowerCell Sweden AB (PCELF) signed its first multi-megawatt order with ECL, marking a significant step in establishing power generation as a second growth pillar.
  • The company reported a positive operating cash flow despite a challenging quarter, indicating effective cash management.
  • PowerCell Sweden AB (PCELF) is focusing on resilience by right-sizing the organization and adapting the cost base to current market conditions.
  • The Dynamic Master Controller (DMC) is becoming a strong strategic differentiator, enhancing customer value and system integration capabilities.
Negative
  • Revenue fell by 46% year-over-year, excluding one-off effects from the previous year, indicating a weak quarter.
  • The gross profit margin declined significantly, reported at 10% compared to an anticipated 25%, due to excessive costs during final deliveries.
  • The market remains volatile and unpredictable, with customer decisions potentially impacting entire quarters or years.
  • PowerCell Sweden AB (PCELF) faces challenges with a low cash position of 76 million SEK, raising concerns about future liquidity.
  • The company is experiencing slow decision cycles in the market, which could delay revenue realization despite strong demand drivers.
Operator

Welcome to the PowerCell Group Q2 2026 report presentation. For the first part of the presentation, participants will be in listen-only mode. During the questions and answers session, participants are able to ask questions by dialing pound key 5 on their telephone keypad. Now, I will hand the conference over to the CEO, Richard Berkling and CFO. Anders-During. Please go ahead.

Richard Berkling;publ;President
Powercell Sweden AB;Chief Executive Officer

()- -

Good morning and a warm welcome to our quarter two report. Sorry for the slight delay. We had an issue with the system that needed to reboot and restart, which is also something that we're doing with Powershell, because what we see this quarter is that we are delivering on what we said. We are in a very uncertain, volatile year.

Next slide, please. The second quarter was weak. We were reporting a falling revenue 46% year-over-year, excluding the one-off effects that we saw in license transaction last year. I'm not going to dress that up. That is a very

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