PCELF - PowerCell Sweden AB (publ) (PCELF) Q2 2024 Earnings Call Transcript
2024-07-18 14:25:20 ET
PowerCell Sweden AB (publ) (PCELF)
Q2 2024 Earnings Conference Call
July 18, 2024 04:00 AM ET
Company Participants
Richard Berkling - President and CEO
Torbjorn Gustafsson - SVP, CFO and IR
Conference Call Participants
Henrik Alveskog - Redeye AB
Presentation
Operator
Welcome to the PowerCell Q2 2024 Report Presentation. For the first part of the conference call, the participants will be in listen-only mode. [Operator Instructions]
Now I will hand the conference over to the speakers. Please go ahead.
Richard Berkling
Good morning, and a warm welcome to the quarter two report from PowerCell. This time live from Gothenburg. And today, we are here: Richard and Torbjorn, and it is my pleasure to have Torbjorn this time and also one more time. We announced earlier this month that Torbjorn will move on from PowerCell, which is a good [indiscernible] for Torbjorn, which I'm happy for. But I will have the pleasure of having your company one more time.
Moving into the quarter then. It is an interesting quarter to report on because we claim that this is a very good market activity but on a softer market. And this notion of softer market needs to be a bit explained because why we say that, we are reporting 6% growth quarter two, and 17% growth rolling 12 months, but it also is a record quarter when it comes to sales, and also rolling 12 months. That's the best sales we're having in PowerCell.
And to be able to report that on what we call a softer market needs some explanation. And the terms of the market is related to the fact that we are transitioning away from the short-term project sales to a more long-term OEM-driven market sales. And that is something that we have explained in quarter one, and that will be kind of the theme throughout this presentation as well....
PowerCell Sweden AB (publ) (PCELF) Q2 2024 Earnings Call Transcript