While we are disappointed with the first quarter of 2026, the development is in line with the increased volatility in demand we highlighted in the Q4 report.
January - March 2026
Significant events during the first quarter
Significant events after the first quarter
| Key performance indicators | |||||||
| SEK million, unless other stated | Jan-Mar 2026 | Jan-Mar 2025 | Jan-Dec 2025 | ||||
| Net sales | 46.9 | 74.1 | 385.0 | ||||
| Gross profit | 10.5 | 27.5 | 174.2 | ||||
| Gross margin, % | 22.4 | 37.1 | 45.2 | ||||
| EBITDA* | -31.9 | -7.1 | 3.9 | ||||
| Operating income * | -40.4 | -12.3 | -22.9 | ||||
| Net income | -39.8 | -15.7 | -29.5 | ||||
| Earnings per share (basic and diluted), SEK | -0.69 | -0.27 | -0.51 | ||||
| Equity asset ratio, % | 61.5 | 65.3 | 64.6 | ||||
| Operating cash flow | -92.7 | -79.3 | -10.1 | ||||
* 2025 Q1 is affected by reclassification of blocked bank funds of SEK 1.0m.
Webcast presentation
An online presentation will take place today at 08:30 am CEST. The presentation can be listened to online or by
calling in. A question-and-answer session will follow the presentation. The presentation is held in English.
If you wish to participate online, please use the link:
https://powercell-group.events.inderes.com/q1-report-2026
You can ask questions in writing at the online presentation.
If you wish to participate in the telephone conference, you can register using the link:
https://events.inderes.com/powercell-group/q1-report-2026/dial-in
Following registration, you will receive telephone numbers and a conference ID to log in to the conference. You can ask questions verbally at the telephone conference.
Every care has been taken in the translation of this interim report. If there are discrepancies, the Swedish original will supersede the English translation. The addition of the totals presented may result in minor rounding differences.