Published: 5/19/2026 8:02:02 AM

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Finwire about Gosol Energy Group AB: Gosol Energy increases net sales by 46 percent in the first quarter

Energy solutions company Gosol Energy Group reports increased net sales and improved operating profit in the first quarter of 2026 compared with the corresponding quarter last year. Gross margin simultaneously declined as a result of continued price pressure in the battery market. Net sales rose 45.5 percent to SEK 49.8 million (34.2). Operating profit improved to SEK -0.6 million (-1.3). Earnings per share amounted to SEK -0.01 (-0.01). The company states that growth was primarily driven by increased demand for battery solutions in the consumer market as well as a higher flow within the B2B segment. The partnership with Green Storage, which includes solar panel installations on around 40 properties in Sweden, continued as planned during the quarter. According to CEO Martin Tornhill, the market continued to be characterized by challenging conditions and consolidation in the industry, but the company also sees signs of stabilization and increased activity, especially within energy storage for the consumer market. Tornhill emphasizes that long-term drivers such as electrification, increased energy costs and the need for local energy production continue to support demand for smart energy solutions.

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