A Strong Quarter Completes a Strong Year
PowerCell Sweden AB grew its sales by 41 percent during the fourth quarter 2020, from MSEK 27.0 to MSEK 38.2. For the full year 2020 sales increased by 55 percent to MSEK 103.5 (66.9). Operating income before items affecting comparability for the fourth quarter weakened to MSEK -29.5 (-28.7) due to, among other things, continued aggressive investments to grow the business within new segments and to negative currency effects.“In terms of sales, the fourth quarter 2020 amounted to the strongest quarter in the company’s history and led to that PowerCell Sweden achieved total sales in excess