Powercell Q1 2024: Initial take

Research Note

2024-04-25

10:10

Redeye was hoping for a bit more in terms of top-line growth, but we are encouraged by strong gross margins and a solid cash flow. The cash position of SEK101m is now reassuring. Sales were basically flat Y/Y and Powercell continues to see longer lead-times in terms of customers coming to decisions. We will again lower our near-term growth forecasts.

HA

OV

Henrik Alveskog

Oskar Vilhelmsson

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