Sweden's QleanAir Q1 revenue falls

Qleanair AB

12/05/2026 07:10

Overview

Sweden clean indoor environment provider's Q1 net revenue fell 2.3% in SEK

Recurring revenue fell 7% in SEK, but rose 5.2% currency-adjusted

Outlook

Qleanair targets annual organic sales growth of more than 5% in the medium term

Company aims for medium-term EBITDA margin of 15–20% and cash conversion ratio of 80–100%

Result Drivers

CURRENCY EFFECTS - Large negative currency exchange effects, mainly from the Japanese yen, reduced reported sales and profit in SEK

RECURRING REVENUE BASE - Recurring revenues remained a significant part of sales, providing stability and improved visibility, with churn decreasing to 8.6% from 14.5%

Company press release: ID:nMFN4RDH4P

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Revenue
SEK 113.50 mln
Q1 EPS
SEK 0.24
Q1 EBIT
SEK 7.80 mln
Q1 EBITDA
SEK 14.90 mln


Analyst Coverage

The one available analyst rating on the shares is "buy"

The average consensus recommendation for the environmental services & equipment peer group is "buy"

The stock recently traded at 8 times the next 12-month earnings vs. a P/E of 8 three months ago

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)