QleanAir AB (publ) (QAIR) Q2 2026 Earnings Call

Investor webinar replay

Replay transcript excerpt

Warm welcome to the Clean Air Investor presentation for Q2 2026. My name is Sebastian Lindström. I'm the CEO of Clean Air and joining me in today's call is Fredrik Sanderlin, CFO at Clean Air. Fredrik 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 118 million in sales in the quarter, which is just about even versus last year in reported numbers. In constant currency, we grew 6.1% versus last year. We have seen a strong performance in air cleaners and clean rooms and a stable cabin business. Our new products focused on solutions for critical problem areas of the industry are continuing to drive growth and mitigate the uncertainty out there in the market. Our launch of the FS60 has really gained ground and in the first half now ranks among our best-selling products. Our recurring revenues were 65 million Below the 68 million we had last year, but again, if we take the currency effects into account, we actually grew our recurring revenues by 2%, and our turn is back to a healthy 7-8%. Our gross margin remains stable and healthy in the high 60s, but slightly behind last year. Our EBTA margin of 12.9% was behind last year's 15.9%, But FX adjusted the EBITDA margin was 13.7. Our lower margins are due to two things. The FXFX and a change in relation between different revenue types. The FXFX comes from the weakening of the Japanese Yen and the changes in revenue types comes from three things. One. that we in Europe no longer sell contracts to finance companies. In the short term, this transition in Europe has a negative impact on results. I...