PowerCell reports 2019 results

PowerCell Sweden has reported increased sales for the full year 2019, up 10% from 2018.

The fuel cell system and stack manufacturer reported full year sales of SEK 66.8m (€6.3m) representing a positive rise, however, fourth quarter sales experienced a slight decrease.

“The reason for the decrease in sales during the quarter is lower sales of PowerCell S3 to the automotive segment following our agreement with Bosch,” said Per Wassén, CEO of PowerCell Sweden.

“The weaker operating income is due to vigorous efforts within product development and sales.”

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