QleanAir AB (publ) (QAIR) Q1 2026 Earnings Call

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Replay transcript excerpt

WEBVTT 00:00:00.031 -- 00:00:06.199 So a warm welcome to the Clean Air Investor presentation for Q1 2026. 00:00:07.065 -- 00:00:12.075 My name is Sebastian Lindström. I'm the CEO of Clean Air and joining me 00:00:12.075 -- 00:00:16.904 in today's call is Fredrik Sanderlin, CFO at Clean Air. 00:00:16.904 -- 00:00:21.974 Fredrik and I will go through the presentation and then open up for Q&As towards the 00:00:21.974 -- 00:00:23.723 end. 00:00:23.723 -- 00:00:29.249 So starting off with the numbers for Q1, we closed a good quarter, 00:00:29.249 -- 00:00:34.235 but a quarter with significant headwind when it comes to foreign exchange. 00:00:34.235 -- 00:00:39.702 We delivered 114 million in sales in the quarter, which meant a decline 00:00:39.702 -- 00:00:44.227 in reported numbers of 2.3% versus last year. 00:00:44.227 -- 00:00:48.111 And as I said, we had a strong headwind on the currency side. 00:00:48.111 -- 00:00:53.643 In constant currency, we grew 10.6% in the quarter. 00:00:53.643 -- 00:00:58.793 We had some help on the U.S. cleanroom side from the Curexa settlement, but 00:00:58.793 -- 00:01:03.883 even taking that into account, we showed growth for the 00:01:03.883 -- 00:01:06.789 quarter. And more importantly, 00:01:06.789 -- 00:01:11.674 cabin solutions grew 5.7% and air cleaners 00:01:12.039 -- 00:01:14.339 grew 13.4% 00:01:14.544 -- 00:01:16.964 in constant currency. 00:01:16.964 -- 00:01:22.430 our new products focused on solutions for critical problem areas of the industry 00:01:22.430 -- 00:01:28.816 are continuing to drive growth and to mitigate the difficult market conditions 00:01:28.816 -- 00:01:34.422 our recurring revenues were 63 million which from a reporting 00:01:34.422 -- 00:01:39.887 in swedish corner looks far below last year 68 million but...