QleanAir AB (publ) (QAIR) Q1 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Thank you. Welcome to the Clean Air investor presentation for Q1 2025. My name is Sebastian Lindström. I'm the CEO of Clean Air and joining me in today's call is Fredrik Sandelin, new CFO at Clean Air from 1st of April. Please Fredrik, a few words to introduce yourself. Thank you, Sebastian. My background, if I take the short version, is that I have for 20 plus years been either the CFO or the CEO of predominantly listed companies. For example, I've been finance director for Autos, I've been CFO for Scanica Hotels, IBS and the Nero. And now I'm glad to be here and look forward to meeting you all. So I'm very excited to have Fredrik on board. I expect that given Fredrik's background, that we'll be able to accelerate our journey and faster improve our company. Fredrik and I will go through the presentation and then open up for Q&A towards the end. So let's jump straight into the numbers. So given the market conditions, especially in EMEA, we delivered a stable report. Revenue was slightly weaker than last year, but stable gross margins. We delivered 116 million in sales, which was 2.5% behind last year. Currency adjusted 3.2% behind last year. So there was a slight tailwind in currency for the first time in many quarters. The main reason for the decline was lower sales in EMEA, which affected the top line with negative 7 million in the quarter, but was partly compensated for by stronger performance in APEC in Americas. Our recurring revenues remain stable at 70 million amounting to 294 million on a rolling 12 months basis by the end of March. The decline in the rolling 12 months is mainly attributable to the cancellation of school orders that we reported on in Q2 last year. Our gross margin was stable, thanks to the base of renewals to finance companies in Japan coming...