PowerCell reports record Q2

PowerCell reports record Q2

Following the joint development and licencing agreement with Robert Bosch GmbH, signed in April 2019, PowerCell Sweden has reported a record second quarter (Q2) with an operated income of 513,828 thousand SEK ($53,100,000).

Total sales for the quarter of 15,552 thousand SEK ($1,000,000) highlighted a 15% rise compared to Q2 2018.

Commenting on the results, Per Wassén, President and CEO of PowerCell, said, “The agreement with Bosch is obviously decisive for our second quarter but the underlying result is also developing positively due to increased sales and favourable product mix.”

... to continue reading you must be subscribed

Subscribe Today

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...