Powercell Q2 2024: First impression - Redeye

Redeye was a bit surprised by the dip in gross margins in the second quarter. Apart from that Q2 numbers were basically as expected. Powercell has secured a SEK50m loan from Nordea and had a cash position of SEK85m by the end of Q2. Still, the company’s financial position makes us somewhat concerned given the rather uncertain market outlook, lead-times and current deficits.

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