Q2 2026 Qleanair AB Earnings Call Transcript
Key Points
- QleanAir AB (FRA:9ZJ) reported a 6.1% constant currency sales growth in Q2 2026, driven by strong performance in air cleaners and clean rooms.
- The launch of the FS60 industrial air cleaner has been highly successful, ranking among the best-selling products in the first half of 2026.
- The company achieved its strongest 12-month signed contracted backlog in the US, supported by increased commercial presence and a new dedicated clean room website.
- Recurring revenues grew 2% on a currency-adjusted basis, with churn returning to a healthy 7-8% level.
- The transformation program is on track, with service transitions in France and Germany expected to lower costs while improving service delivery.
- QleanAir AB (FRA:9ZJ) faced significant negative FX headwinds, primarily from the weakening Japanese yen, which reduced reported sales and EBITDA margin.
- EBITDA margin declined to 12.9% from 15.9% last year, partly due to FX and a shift in revenue mix toward less profitable product sales.
- The transition away from selling contracts to finance companies in Europe and a higher proportion of new sales in Japan negatively impacted short-term profitability.
- Operating cash flow decreased to SEK18 million in Q2 from SEK23 million last year, partly due to postponed clean room installations in the US and higher taxes.
- Cabin solutions sales and gross profit were lower year-over-year, with supply chain transition delays causing installation setbacks in the quarter.
Welcome to the Clean Air Q2 2026 report presentation. For the first part of the presentation, participants will be in listen-only mode. During the questions and answers, session participants are able to ask questions by dialing pound key five on their telephone keypad. If you are listening to the presentation via webcast, you can ask written questions using the form below. Now I will hand the conference over to speakers CEO Sebastian Lindstrom and CFO Frederick Sandelin. Please go ahead.
So a warm welcome to the Clean Air investor presentation for Q2 2026. My name is Sebastian Lindstrom. I'm the CEO of Clean Air and joining me in today's call is Frederik Sanderleen, CFO at Clean Air. Frederik and I will go through the presentation and then open up for Q&As towards the end.
Thank you.
So starting off with the numbers for Q2, we closed a good stable quarter.
But a quarter with continued significant headwind when it comes to FX, mostly related to the Japanese yen. We delivered
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