PowerCell reports net sales increase with fuel cell interest from marine and aviation

PowerCell has reported an increase in sales for both the fourth quarter and entire year of 2023, despite facing profitability and operational challenges.

During Q4 2023, the company achieved a 25% increase in net sales, reaching SEK 127.5m ($12.2m) up from SEK 101.8m ($9.7m) in Q4 2022. This growth was due to “significant” orders within the aviation and marine sectors.

During the full year, PowerCell’s net sales increased by 27% to SEK 310.3m ($29.6m), compared to SEK 244.7m ($23.4m) in 2022, setting a new sales record for the company.

... to continue reading you must be subscribed

Subscribe Today

Paywall Asset Header Graphic

To gain access to this article and all our other content, you will need to subscribe to H2 View.

From the latest print editions, to 24/7 online access to exclusive interviews, authoritative columnists and the H2 View news archive, a subscription is the best way for you to stay up to date with developments in the hydrogen community.

Please wait...