Q3 2025 Qleanair AB Earnings Call Transcript
Key Points
- QleanAir AB (OSTO:QAIR) achieved a 2% growth in sales in constant currency despite a challenging market environment.
- The company reported a significant improvement in EBIT margin, increasing from 3.7% last year to 6.6% this quarter.
- Record high cash flow was achieved, attributed to focused efforts on balance sheet items like inventory and accounts receivables.
- Successful product launches, including the FS 70 welding solution, contributed to 22% of unit sales in Air Cleaners.
- Positive momentum in Japan with growth in new sales of both Cabins and industrial Air Cleaners, and a strong backlog in the US for Cleanrooms projects.
- Sales in SEK were 4.4% below last year, impacted by a weak economic environment, particularly in Europe.
- Recurring revenues declined due to the cancellation of COVID-related contracts from the previous year.
- The economic environment in EMEA remains weak, with longer sales cycles, especially in Germany, Austria, and Poland.
- The Japanese yen's depreciation negatively affected revenue, resulting in a SEK7.4 million currency impact.
- The company faces challenges in Europe due to tough economic conditions, maintaining a cautious outlook for the region.
(spoken by AI) Welcome to the Qleanair Q3 2025 report presentation. (Operator Instructions)
Now, I will hand the conference over to speaker CEO, Sebastian Lindstrom; and CFO, Frederick Sandelin. Please go ahead.
Hi and welcome to the Qleanair Investor Presentation for Q3 2025. My name is Sebastian Lindstrom. I'm the CEO of Qleanair. And joining me in today's call is Fredrik Sandelin, CFO of Qleanair since April 1 this year. Fredrik and I will go through the presentation and then open for Q&A towards the end.
So let's dive straight into the numbers for Q3. We delivered SEK108 million in sales in the quarter, which was 4.4% below last year in Swedish kronor. If we look in constant currency, we grew 2% in the quarter, which is a strong achievement of our sales team in a very tough market environment. Driving the growth in constant currency were a strong quarter for Cabins in Japan, up 4% in local currency, and a strong quarter for Cleanroomss in the US, plus 15% in local currency
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