PowerCell Sweden Q3 Loss Widens as Revenue Falls 61% Year Over Year

PowerCell Sweden AB (publ) posted a wider third-quarter loss as revenue slid 61% year over year, while cost and organizational changes are expected to lower its annual cost base in 2027.

Revenue totaled SEK 33.1 million. The loss per share was SEK 0.59, compared with SEK 0.26 a year earlier.

PowerCell’s net loss reached SEK 34.2 million, up from SEK 15.3 million in the same quarter a year earlier. Its EBITDA loss was SEK 26 million, compared with SEK 6.9 million a year earlier.

The company expects its cost and organizational measures to reduce its annual cost base by about SEK 50 million in 2027.