Another quarter with continued growth and industry leading gross margin
Sales for PowerCell Sweden AB increased 23% to SEK 55.6m (45.1) in the third quarter 2022. The industry leading gross margin improved to 35.5% (32.5), reflecting PowerCell’s capability to scale up production while achieving improved efficiency and productivity.In the quarter, sales were especially positively impacted by the marine industry. PowerCell’s first serial production of systems for marine and stationary applications is to start in the fourth quarter 2022. “With a 12-months rolling gross margin above 35 percent, we clearly see the effects from recent investments into