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Powercell Q3 2024: Basically in-line - Redeye

Redeye sees only minor deviations from our expectations in Powercells’ Q3 report. Sales and gross margins were a little lower than we hoped for. On the other hand, Opex were also lower. The recently announced mega-order (SEK165m) from an Italian ship builder is another significant milestone. A testimony to Powercell’s strong market position and highly supportive of our anticipated growth trajectory in the near- and mid-term perspective. The report will most likely not cause any major changes to our financial forecasts.

Redeye sees only minor deviations from our expectations in Powercells’ Q3 report. Sales and gross margins were a little lower than we hoped for. On the other hand, Opex were also lower. The recently announced mega-order (SEK165m) from an Italian ship builder is another significant milestone. A testimony to Powercell’s strong market position and highly supportive of our anticipated growth trajectory in the near- and mid-term perspective. The report will most likely not cause any major changes to our financial forecasts.
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