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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