QleanAir AB (publ) (QAIR) Earnings Call Transcripts

QleanAir AB (publ)'s Latest Earnings Call - Q1 FY2026

In Q1 2026, QleanAir AB reported revenue of SEK 114 million, a decline of 2.3% year-over-year, primarily impacted by foreign exchange headwinds. However, in constant currency, sales grew by 10.6%, driven by strong performance in the Air Cleaners and Cabin Solutions segments, which saw growth rates of 13.4% and 5.7%, respectively. The company adjusted its financial targets, lowering the organic sales growth target from 10% to above 5%, while maintaining an EBITDA margin target of 15% to 20%. EPS improved to SEK 0.24 from SEK 0.18 in the previous year, indicating underlying business strength despite currency challenges.

Reported metrics

Guidance from management

Management has lowered its organic sales growth target to above 5% and maintained an EBITDA margin target of 15% to 20%. They emphasized a focus on strengthening the rental model going forward.

What management said

So of course when you look at our past performance and following our performance over the years, the way with the finance company sales that we have in Japan, you really have to look back 3 years, like Fredrik mentioned, to understand how sort of the cyclicality, if you will, on that business is developing. How many contracts are up for renewal in a certain year? We will try to keep that a bit more steady. So not exp...

I think we are becoming a bit more driven by sales. We have a totally different focus on sales and that also drives stronger finishes over the year. When you come to the finish line, we have a different type of focus in the company of reaching that target, if you will.

What analysts pressed on

Analysts expressed concerns regarding the sequential decline in European sales and the impact of project delays on future revenue. There was also skepticism about the sustainability of cash flow given the negative figures reported for Q1.

Main topics on the call

• Revenue Performance — QleanAir reported SEK 114 million in sales, down 2.3% YoY, but noted a constant currency growth of 10.6%. CEO Sebastian Lindstrom stated, "Our underlying business is developing well," highlighting the resilience despite ...
• New Financial Targets — Management revised its organic sales growth target from 10% to above 5% to align with the shift towards a rental model. Lindstrom explained, "We simply trying to reflect and align the goals internally and externally."
• Recurring Revenue Growth — Recurring revenues were reported at SEK 63 million, down from SEK 68 million YoY, but grew to SEK 72 million in constant currency. Lindstrom emphasized that the rental model is gaining traction, stating, "Our rental mode...
• Gross Margin Stability — The company's gross margin remained strong, exceeding 60% across all product categories. CFO Fredrik Sandelin noted, "Gross margin is stable and at a high level," supporting the EBITDA performance.

Read the full QleanAir AB (publ) transcript (Q1 FY2026) → Summary generated from the call transcript; every figure above is stated by management on the record.

Earnings Call History

EarningsCalls.dev has 24 QleanAir AB (publ) earnings call transcripts on record, spanning May 13, 2020 to May 12, 2026. Based on this history, QleanAir AB (publ) reports quarterly. The most recent call on file is dated May 12, 2026. The full list is below — each row opens the complete, free-to-read transcript.

Ticker

QAIR

Exchange

OM

Country

SE

Sector

Industrials

Industry

Building Products

Calls on record

24

First call

May 13, 2020

Most recent

May 12, 2026

Reporting cadence

quarterly