PowerCell Sweden AB (publ) (PCELF) Q2 2026 Earnings Call Transcript

PowerCell Sweden AB (publ) ( PCELF ) Q2 2026 Earnings Call July 16, 2026 2:30 AM EDT Company Participants Richard Berkling - President & CEO Anders During - Senior VP, CFO & IR Presentation Operator Welcome to the PowerCell Group Q2 2026 Report Presentation. [Operator Instructions] Now I will hand the conference over to the CEO, Richard Berkling; and CFO, Anders During. Please go ahead. Richard Berkling President & CEO Good morning, and a warm welcome to our quarter 2 report. Sorry for the slight delay. We had an issue with the system that we did a reboot and a restart, which is also something that we're doing with PowerCell because what we see this quarter is that we are delivering on what we said we are in a very uncertain, volatile year. The second quarter was weak. We were reporting a falling revenue of 46% year-over-year, excluding the one-off effects that we saw in license 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. How is the company reporting these numbers? It's a fundamentally stronger company today than we were just a couple of years ago or 1 year ago. Anders, CFO, will walk you through the details of the quarter shortly. But first, I want to share with you the lens which we will read this quarter numbers through.