QleanAir AB (publ) (QAIR) Q3 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Welcome to the Clean Air Q3 2025 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 5 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. Hi and welcome to the Clean Air Investor presentation for Q3 2025. My name is Sebastian Lindström, I'm the CEO of Clean Air and joining me in today's calls is Fredrik Sandelin, CFO at Clean Air since 1st of April this year. Fredrik and I will go through the presentation and then open for Q&A towards the end. So let's dive straight into the numbers. We delivered 108 million in sales in the quarter, which was 4.4% below last year in Swedish kronor. If we look in constant currency, we grew 2% in the quarter, which is a strong achievement of our sales team in a very tough market environment. Driving the growth in constant currency were a strong quarter for cabins in Japan, up 4% in local currency, and a strong quarter for clean rooms in the US, plus 15% in local currency in the quarter, and a European growth on air cleaners of over 5%. Our new products focused on critical areas of the industry are continuing to drive growth and mitigate the difficult market conditions in Europe in particular. Our systematic approach is really sharpening our range. And in September, we launched our first bespoke product to help solve the challenges of welding fumes in the industry. Already in October, we had our first orders from customers on this product in Europe. Our recurring revenues remain stable at 6...