Sweden's QleanAir Q2 revenue edges up
Sweden's QleanAir Q2 revenue edges up
Overview
Sweden clean air solutions provider's Q2 revenue stable, currency-adjusted growth at 6.1% yr/yr
Recurring revenue declined and EBITDA margin narrowed from a year earlier
Margin pressure due to shift in revenue mix and fewer rental contracts
Outlook
Company maintains cautious view of economic environment in Europe
Qleanair targets annual organic growth of over 5% and EBITDA margin of 15-20% over time
Company says demand for niche industrial solutions remains strong across all markets
Result Drivers
PRODUCT LAUNCH - FS60 air cleaner for industrial applications became one of the best-selling products in 2026, supporting growth
NEW CONTRACTS - Two new U.S. cleanroom contracts and a design agreement strengthened order backlog
REVENUE MIX SHIFT - Higher proportion of product sales relative to rental contracts reduced recurring revenue and pressured margins
Company press release: ID:nMFN7gWgGl
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q2 Revenue |
| SEK 118.1 mln |
|
Q2 EPS |
| SEK 0.23 |
|
Q2 EBIT |
| SEK 8 mln |
|
Q2 EBITDA |
| SEK 15.20 mln |
|
Q2 EBITDA Margin |
| 12.90% |
|
Q2 Operating Margin |
| 6.70% |
|
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 6 times the next 12-month earnings vs. a P/E of 8 three months ago
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(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.)