Powercell Sweden AB (publ)
STO:PCELL
Powercell Sweden AB (publ)
PowerCell Sweden AB engages in the development and production of power systems for stationary and mobile customer applications. The company is headquartered in Goeteborg, Vastra Gotalands and currently employs 83 full-time employees. The company went IPO on 2014-12-19. The company is engaged in the development, manufacture and sales of power systems with fuel cell and reformer technology. Its systems work both fossil and renewable fuels and convert them to hydrogen, which drives the power cells. The Company’s product offering comprises: Fuel Cell Stack, designed to work in the auxiliary power unit (APU) environment on reformate gas or hydrogen and varying from one to six kilowatts (kW); and PowerPac, a complete electric power-generating unit operating in the range between one and three kW, which uses low sulfur road diesel. The possible applications of its products include telecommunication, transport, power supply to buildings, and military.
PowerCell Sweden AB engages in the development and production of power systems for stationary and mobile customer applications. The company is headquartered in Goeteborg, Vastra Gotalands and currently employs 83 full-time employees. The company went IPO on 2014-12-19. The company is engaged in the development, manufacture and sales of power systems with fuel cell and reformer technology. Its systems work both fossil and renewable fuels and convert them to hydrogen, which drives the power cells. The Company’s product offering comprises: Fuel Cell Stack, designed to work in the auxiliary power unit (APU) environment on reformate gas or hydrogen and varying from one to six kilowatts (kW); and PowerPac, a complete electric power-generating unit operating in the range between one and three kW, which uses low sulfur road diesel. The possible applications of its products include telecommunication, transport, power supply to buildings, and military.
EBITDA Milestone: PowerCell delivered positive EBITDA for the first full year, despite challenging market conditions.
Solid Organic Growth: Organic growth reached 24% after adjusting for currency impacts, with total reported growth of 15%.
Margin Improvement: Margins improved materially, and the company strengthened its cash position, even with lower-than-expected topline revenue.
Marine Focus: The marine segment remains the core growth driver, with successful product deliveries and strong market share.
Power Generation Expansion: Launch of a new power generation platform created a second pillar for scalable growth, showing immediate market traction.
Resilience & Cost Control: Management emphasized disciplined cost control, operational resilience, and readiness for both slow and accelerated growth scenarios.
2026 Outlook: The company is prepared to protect earnings in a slow market, but is ready to scale and leverage growth opportunities, particularly in marine and power generation.
