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Redeye is encouraged by the very strong Q4 numbers that beat our expectations on all accounts. Sales growth of 79% and gross margins of 57% is quite remarkable! Hence in Q4, Powercell posted a positive EBIT of SEK3m, which is a major surprise. No doubt the company currently has excellent business momentum in several areas, including final negotiation on a huge marine project in Norway with a total size of 12 MW. This could potentially be Powercell’s largest firm order so far. We will most likely make some positive revisions to our financial forecasts.
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