QleanAir AB (publ) (QAIR) Q4 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

So a warm welcome to the Clean Air Investor presentation for Q4 2025. My name is Sebastian Lindström. I'm the CEO of Clean Air and joining me in today's call is Fredrik Sandelin, CFO at Clean Air. Fredrik and I will go through the presentation and then open up for Q&As at the end. But let's dive straight into the numbers. So 113 million in sales in the quarter. 9.1% growth over last year. We of course had a strong headwind on the currency side in constant currency. So in constant currency, we grew 20% in the quarter and growth in all product categories, a very strong achievement of our sales teams. Our new products, focused on solutions for critical problem areas of the industry, are continuing to drive growth and mitigate the difficult market conditions. Our recurring revenues remain stable at 67 million, a slight increase from previous quarter, and stable versus last year if you take currency effects into account. Our gross margin continues to strengthen thanks to a higher rate of renewals on the air cleaning side, products targeting more critical problem areas of our customers, and the cost improvements we made over the past two years in the supply chain in Europe and overall in the US. Our EBIT margin of 13.1% was a big improvement over last year, minus 5.3%. Our EBIT for Q4 was $14.8 million versus $5.4 million last year. Last year, we suffered from the absence of the Curexa contract. Cash flow was strong. Our very focused work on balance sheet items like inventory and accounts receivables have really paid off. And together with our strong operating profit, our net debt is at the record low level of $118 million. Our EPS makes a strong jump to 0.87 kr per share, 1.88 per share for the full year. Real money, as Warren Buffett would have put it. The board is propo...