A Quarter Focusing on Efforts Within New Segments
PowerCell Sweden AB grew its sales from MSEK 15.1 to MSEK 16.6 (+10%) during the third quarter. Operating income before items affecting comparability weakened to MSEK -22.3 (-16.6) due to, among other things, negative currency effects and deliberately increased costs for selling and administration in connection to efforts to grow the business and enter new segments.“The relatively modest increase in sales is linked to the timing of the shipments of the individual orders and is not reflecting the underlying trend line”, Karin Nilsson, acting CEO said.Total sales for the third quarter 2020