PowerCell Sweden AB (publ) (PCELL) Q2 2026 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good morning and a warm welcome to our quarter two report. Sorry for the slight delay. We had an issue with the system that they need a reboot and a restart, which is also something that we're doing with Power Cell. Because what we see this quarter is that we are delivering on what we said. We are in a very uncertain volatile year. Next slide, please. The second quarter was weak. We were reporting a falling revenue 46% year over year, excluding the one-off effects that we saw in licensed transaction last year. I'm not going to dress that up. That is a very disappointing quarter. But I won't dwell on the number either. What matters is what is behind it and what we can do about it and what we are doing about it. So in this presentation, we're going to be very straight about what we can control and equally clear about what we don't control. But at the same time, I don't want this quarter and the numbers to hide another fact. Powercell, the company reporting these numbers, is a fundamentally stronger company today than we were just a couple of years ago, or one year ago. Anders Stifo will walk through the details of the quarter shortly, but first I want to share with you the lens which we will read these quarter numbers through. Next one, please. This is a quarter shaped by the nature of the market that we are in. This is a difficult market. It's a lumpy market. So what we are reporting is not a loss of demand. We are in the middle of an emerging business in a technology shift. We saw massive hopes and expansions in the early stages of 2021 to 23 and then a market reaction setting. Markets like ours, every technology chips are lumpy. Intake and revenue does not arrive in a smooth line. They come in steps. Individual large orders can change both a quarter and a full year ...