Aankondiging • Apr 09
QleanAir AB (publ), Annual General Meeting, May 12, 2026 QleanAir AB (publ), Annual General Meeting, May 12, 2026, at 13:00 W. Europe Standard Time. Location: qleanair`s offices at torggatan 13 in solna, Sweden Aankondiging • Mar 18
QleanAir AB (publ) to Report Fiscal Year 2025 Final Results on Apr 17, 2026 QleanAir AB (publ) announced that they will report fiscal year 2025 final results at 9:00 AM, Central European Standard Time on Apr 17, 2026 Aankondiging • Nov 21
QleanAir AB (publ) to Report Q4, 2026 Results on Feb 18, 2027 QleanAir AB (publ) announced that they will report Q4, 2026 results on Feb 18, 2027 Aankondiging • May 09
Qleanair AB (Publ) Approves Board Appointments QleanAir AB (publ) announced at the AGM held on May 9, 2025, approved to new-elect Henrik Mitelman as board members, and to new-elect Fredrik Persson as chairman of the board. Aankondiging • Jan 11
Qleanair AB (Publ) Appoints Fredrik Sandelin as CFO, Will Take on His Position No Later Than April 11, 2025 QleanAir AB (publ) appointed Fredrik Sandelin as new CFO. Fredrik comes most recently from the role as interim CFO of Qben-Infra, listed on First North. Fredrik has several years of experience as CFO in a listed environment and has been active as CFO for Scandic Hotels, IBS and Eniro. He has also worked as CEO for 24Storage. Fredrik will take on his position no later than April 11, 2025. New Risk • Nov 16
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 70% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Major Risk Interest payments are not well covered by earnings (0.9x net interest cover). Minor Risks Dividend is not well covered by earnings (105% payout ratio). Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (1.8% net profit margin). Market cap is less than US$100m (€23.6m market cap, or US$24.8m). Reported Earnings • Nov 10
Third quarter 2024 earnings released: kr0.28 loss per share (vs kr0.70 profit in 3Q 2023) Third quarter 2024 results: kr0.28 loss per share (down from kr0.70 profit in 3Q 2023). Revenue: kr112.9m (down 8.9% from 3Q 2023). Net loss: kr4.13m (down 140% from profit in 3Q 2023). Revenue is forecast to grow 6.9% p.a. on average during the next 3 years, compared to a 5.0% growth forecast for the Commercial Services industry in Germany. Over the last 3 years on average, earnings per share has fallen by 42% per year whereas the company’s share price has fallen by 38% per year. Valuation Update With 7 Day Price Move • Nov 09
Investor sentiment deteriorates as stock falls 18% After last week's 18% share price decline to €1.60, the stock trades at a forward P/E ratio of 10x. Average forward P/E is 11x in the Commercial Services industry in Germany. Total loss to shareholders of 74% over the past three years. Aankondiging • Nov 09
QleanAir AB (publ), Annual General Meeting, May 09, 2025 QleanAir AB (publ), Annual General Meeting, May 09, 2025. Aankondiging • Oct 18
Henrik Resmark, CFO Leaves Qleanair AB (Publ) in March 2025 QleanAir AB (publ) announced that Henrik Resmark, CFO has mutually agreed that Henrik will leave the company in March 2025 for new challenges. Recent Insider Transactions • Aug 14
Director recently bought €507k worth of stock On the 12th of August, Fredrik Persson bought around 220k shares on-market at roughly €2.30 per share. This transaction increased Fredrik's direct individual holding by 2x at the time of the trade. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought €805k more in shares than they have sold in the last 12 months. Reported Earnings • Aug 11
Second quarter 2024 earnings released: kr0.04 loss per share (vs kr1.18 profit in 2Q 2023) Second quarter 2024 results: kr0.04 loss per share (down from kr1.18 profit in 2Q 2023). Revenue: kr114.8m (down 15% from 2Q 2023). Net loss: kr626.0k (down 104% from profit in 2Q 2023). Revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 5.6% growth forecast for the Commercial Services industry in Germany. Over the last 3 years on average, earnings per share has fallen by 38% per year but the company’s share price has only fallen by 28% per year, which means it has not declined as severely as earnings. Buy Or Sell Opportunity • Jul 31
Now 20% overvalued after recent price rise Over the last 90 days, the stock has risen 3.1% to €2.69. The fair value is estimated to be €2.24, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 4.4% over the last 3 years. Earnings per share has declined by 39%. Revenue is forecast to grow by 17% in 2 years. Earnings are forecast to grow by 65% in the next 2 years. Board Change • Jun 11
High number of new and inexperienced directors There are 4 new directors who have joined the board in the last 3 years. The company's board is composed of: 4 new directors. 1 experienced director. No highly experienced directors. Independent Chairman of the Board Bengt Georg Engstrom is the most experienced director on the board, commencing their role in 2020. The company’s lack of experienced directors is considered a risk according to the Simply Wall St Risk Model. New Risk • Jun 07
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of German stocks, typically moving 7.0% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks High level of debt (75% net debt to equity). Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (7.0% average weekly change). Market cap is less than US$100m (€42.3m market cap, or US$46.0m). Reported Earnings • May 08
First quarter 2024 earnings released: EPS: kr0.53 (vs kr0.68 in 1Q 2023) First quarter 2024 results: EPS: kr0.53 (down from kr0.68 in 1Q 2023). Revenue: kr119.1m (down 1.6% from 1Q 2023). Net income: kr7.87m (down 22% from 1Q 2023). Profit margin: 6.6% (down from 8.3% in 1Q 2023). Revenue is forecast to grow 7.4% p.a. on average during the next 3 years, compared to a 5.5% growth forecast for the Commercial Services industry in Germany. Reported Earnings • Apr 18
Full year 2023 earnings released: EPS: kr2.92 (vs kr0.89 in FY 2022) Full year 2023 results: EPS: kr2.92 (up from kr0.89 in FY 2022). Revenue: kr503.5m (up 11% from FY 2022). Net income: kr43.4m (up 226% from FY 2022). Profit margin: 8.6% (up from 2.9% in FY 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 6.8% p.a. on average during the next 3 years, compared to a 5.0% growth forecast for the Commercial Services industry in Germany. Reported Earnings • Feb 11
Full year 2023 earnings released: EPS: kr2.92 (vs kr0.89 in FY 2022) Full year 2023 results: EPS: kr2.92 (up from kr0.89 in FY 2022). Revenue: kr503.5m (up 11% from FY 2022). Net income: kr43.4m (up 226% from FY 2022). Profit margin: 8.6% (up from 2.9% in FY 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 7.5% p.a. on average during the next 2 years, compared to a 5.0% growth forecast for the Commercial Services industry in Germany. Board Change • Feb 01
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 4 experienced directors. 1 highly experienced director. Independent Director Johan Ryrberg was the last director to join the board, commencing their role in 2021. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Aankondiging • Jan 19
QleanAir AB (publ) to Report Fiscal Year 2023 Results on Apr 17, 2024 QleanAir AB (publ) announced that they will report fiscal year 2023 results on Apr 17, 2024 Aankondiging • Nov 09
QleanAir AB (publ), Annual General Meeting, May 08, 2024 QleanAir AB (publ), Annual General Meeting, May 08, 2024. Aankondiging • Nov 03
Qleanair AB (Publ) Appoints Nomination Committee for the Annual General Meeting 2024 QleanAir AB announced that the nomination committee has now been appointed for the Annual General Meeting 2024. Nomination Committee for the Annual General Meeting 2024: Oskar Börjesson, appointed by Skandia, Staffan Persson, appointed by Swedia Capital, Dan Pitulia, appointed by Calandrella, Bengt Engström, Chairman Board of Directors QleanAir AB, Shareholders are welcome to send proposals to the nomination committee prior to the Annual General Meeting. Recent Insider Transactions • Oct 01
Chief Executive Officer recently bought €277k worth of stock On the 27th of September, Sebastian Lindstrom bought around 100k shares on-market at roughly €2.77 per share. This transaction increased Sebastian's direct individual holding by 1x at the time of the trade. This was the largest purchase by an insider in the last 3 months. This was Sebastian's only on-market trade for the last 12 months. Aankondiging • Aug 23
Swedia Capital AB acquired 10.85% stake in QleanAir AB (publ) (OM:QAIR) from Qevirp 41 Limited. Swedia Capital AB made a bid to acquire 10.85% stake in QleanAir AB (publ) (OM:QAIR) from Qevirp 41 Limited on August 21, 2023. The change of ownership also means that Qevirp 41 Ltd (Priveq) no longer owns any shares in QleanAir.
Swedia Capital AB completed the acquisition of 10.85% stake in QleanAir AB (publ) (OM:QAIR) from Qevirp 41 Limited on August 21, 2023. Valuation Update With 7 Day Price Move • Aug 10
Investor sentiment improves as stock rises 20% After last week's 20% share price gain to €2.69, the stock trades at a forward P/E ratio of 10x. Average forward P/E is 12x in the Commercial Services industry in Germany. Total loss to shareholders of 12% over the past year. Reported Earnings • May 13
First quarter 2023 earnings released: EPS: kr0.68 (vs kr0.92 in 1Q 2022) First quarter 2023 results: EPS: kr0.68 (down from kr0.92 in 1Q 2022). Revenue: kr121.0m (up 4.9% from 1Q 2022). Net income: kr10.0m (down 27% from 1Q 2022). Profit margin: 8.3% (down from 12% in 1Q 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 9.6% p.a. on average during the next 3 years, compared to a 5.2% growth forecast for the Commercial Services industry in Germany. Board Change • May 11
High number of new directors Independent Director Johan Ryrberg was the last director to join the board, commencing their role in 2021. Reported Earnings • Apr 21
Full year 2022 earnings released: EPS: kr0.89 (vs kr3.99 in FY 2021) Full year 2022 results: EPS: kr0.89 (down from kr3.99 in FY 2021). Revenue: kr455.2m (up 1.0% from FY 2021). Net income: kr13.3m (down 78% from FY 2021). Profit margin: 2.9% (down from 13% in FY 2021). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 9.0% p.a. on average during the next 3 years, compared to a 3.8% growth forecast for the Commercial Services industry in Germany. Board Change • Feb 23
High number of new and inexperienced directors There are 5 new directors who have joined the board in the last 3 years. The company's board is composed of: 5 new directors. No experienced directors. 1 highly experienced director. Director Mats Hjerpe is the most experienced director on the board, commencing their role in 2012. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors. Reported Earnings • Feb 12
Full year 2022 earnings released: EPS: kr0.89 (vs kr3.99 in FY 2021) Full year 2022 results: EPS: kr0.89 (down from kr3.99 in FY 2021). Revenue: kr455.2m (up 1.0% from FY 2021). Net income: kr13.3m (down 78% from FY 2021). Profit margin: 2.9% (down from 13% in FY 2021). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 9.8% p.a. on average during the next 2 years, compared to a 5.9% growth forecast for the Commercial Services industry in Germany. Aankondiging • Feb 08
QleanAir AB (publ) Launches New Quiet and Energy-Efficient Air Cleaner Meeting Tough Quality Requirements QleanAir AB (publ) launches a new mobile air cleaner, QleanAir FS 35. It is developed in close dialogue with the healthcare sector to meet theirhigh demands and new tough quality requirements for air cleaners from the German engineering association VDI. The air cleaner comes in four different configurations adapted to different environments, including one variant that quickly captures and degrades viruses and bacteria using nanotechnology. The QleanAir FS 35 is one of few air cleaners on the market that has been developed to meet the new German expert recommendation from the VDI for air cleaners. It ensures, for example, that the air cleaner is child-proof and reduces particle levels in the room by 90% within 30 minutes, without disturbing noise levels or turbulence. Valuation Update With 7 Day Price Move • Feb 04
Investor sentiment deteriorates as stock falls 19% After last week's 19% share price decline to €1.71, the stock trades at a forward P/E ratio of 6x. Average forward P/E is 16x in the Commercial Services industry in Germany. Total loss to shareholders of 67% over the past year. Simply Wall St's valuation model estimates the intrinsic value at €2.69 per share. Aankondiging • Feb 03
QleanAir AB (publ) to Report Q4, 2023 Results on Feb 09, 2024 QleanAir AB (publ) announced that they will report Q4, 2023 results on Feb 09, 2024 Aankondiging • Nov 28
QleanAir AB Announces Executive Changes The Board of QleanAir has appointed Sebastian Lindström as the new CEO of QleanAir AB from November 28, 2022. Sebastian Lindström succeeds Christina Lindstedt, who will remain as an advisor during her notice period. Sebastian Lindström has been a board member of the company since May 2022 and as CEO he will bring extensive commercial, operational and strategic experience to QleanAir. He has previously held several leading positions within various private equity-owned companies such as vice president of Granngården, interim COO of Bodilsen A/S and CEO of Atea Holding AB. He comes most recently from the role as the CEO of Crem International. Sebastian was born in 1965 and has a master’s degree in industrial economics from Linköping University. Board Change • Nov 23
High number of new and inexperienced directors There are 5 new directors who have joined the board in the last 3 years. The company's board is composed of: 5 new directors. No experienced directors. 1 highly experienced director. Director Mats Hjerpe is the most experienced director on the board, commencing their role in 2012. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors. Aankondiging • Nov 11
QleanAir AB (publ) to Report Fiscal Year 2022 Results on Apr 19, 2023 QleanAir AB (publ) announced that they will report fiscal year 2022 results on Apr 19, 2023 Board Change • Sep 02
High number of new and inexperienced directors There are 5 new directors who have joined the board in the last 3 years. The company's board is composed of: 5 new directors. No experienced directors. 1 highly experienced director. Director Mats Hjerpe is the most experienced director on the board, commencing their role in 2012. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors. Reported Earnings • Aug 16
Second quarter 2022 earnings released: EPS: kr0.51 (vs kr1.00 in 2Q 2021) Second quarter 2022 results: EPS: kr0.51 (down from kr1.00 in 2Q 2021). Revenue: kr108.3m (down 3.6% from 2Q 2021). Net income: kr7.63m (down 49% from 2Q 2021). Profit margin: 7.1% (down from 13% in 2Q 2021). The decrease in margin was primarily driven by lower revenue. Over the next year, revenue is forecast to grow 12%, compared to a 5.4% growth forecast for the Commercial Services industry in Germany. Valuation Update With 7 Day Price Move • Aug 11
Investor sentiment deteriorated over the past week After last week's 17% share price decline to €3.00, the stock trades at a forward P/E ratio of 8x. Average forward P/E is 14x in the Commercial Services industry in Germany. Total loss to shareholders of 47% over the past year. Aankondiging • Jun 23
QleanAir AB (publ) Cleaning Solutions Now Meet New Tough Requirements from German VDI- Strengthens Position in Schools and Offices QleanAir launched three air cleaning solutions compliant with the new expert recommendations from VDI for schools and offices. That makes QleanAir one of the few suppliers to comply to the difficult demands, which furthers strengthens its position in the market. The Covid-19 pandemic has led to a large demand for air cleaners in German schools and offices, that were purchased in large quantities, sometimes with varying levels of performance. This prompted the Association of German Engineers (VDI) to publish the expert recommendation VDI-EE 4300-14, to help organizations make an informed choice. The recommendation states that air cleaners must reduce particle levels in the room by 90% within 30 minutes in a comfortable and safe way. QleanAir launched three air cleaning solutions that comply with the strict criteria of the new recommendation, as one of the few suppliers in the market. In public and other procurement in German speaking markets, it is common to use the VDI recommendations as requirements. VDI is highly respected in Europe and their recommendations are expected to be adopted into DIN and European standards. QleanAir entered the German market 20 years ago and is well established in cabin solutions and air cleaners for production industry, logistic centers, and warehouses. During the corona pandemic, the company developed new products targeted towards healthcare, schools, offices, and other public spaces. Today, QleanAir has air cleaners installed at more than 75 German schools. Aankondiging • Jun 02
QleanAir AB (publ) Launches IoT-Platform to Measure, Control and Improve Air Quality in Real-Time QleanAir AB (publ) launches IoT-platform QleanAir Connect to further help organizations to improve air quality at the workplace. By connecting Air cleaners to the cloud, customers gain a better understanding and full control of their indoor air quality in real-time. The new IoT-platform is an important and innovative step in QleanAir's product roadmap. The platform is particularly beneficial for larger industries that need to manage their indoor air quality with large fleets of air cleaners, such as warehouses and production facilities. The cloud-based system gives instant insights of connected units' status and the possibility to measure, control and improve the air quality in real-time. With an automatic alarm function, it removes unnecessary administration and operations. And by running air cleaners on demand, it is possible to save energy while optimizing operations. The new connectivity will initially be available with two of the most widely used air cleaners; FS 70 and FS 90. The IoT platform is already live and available and will shortly be fully available for integration to existing facility and building management systems. Reported Earnings • May 14
First quarter 2022 earnings released: EPS: kr0.92 (vs kr1.40 in 1Q 2021) First quarter 2022 results: EPS: kr0.92 (down from kr1.40 in 1Q 2021). Revenue: kr115.4m (up 4.4% from 1Q 2021). Net income: kr13.7m (down 34% from 1Q 2021). Profit margin: 12% (down from 19% in 1Q 2021). The decrease in margin was driven by higher expenses. Over the next year, revenue is forecast to grow 11%, compared to a 16% growth forecast for the industry in Germany. Board Change • May 13
High number of new and inexperienced directors There are 4 new directors who have joined the board in the last 3 years. The company's board is composed of: 4 new directors. No experienced directors. 1 highly experienced director. Director Mats Hjerpe is the most experienced director on the board, commencing their role in 2012. The company’s lack of experienced directors is considered a risk according to the Simply Wall St Risk Model. Aankondiging • May 13
Grant Thornton Sweden AB Approves Dividend, Payable on 20 May 2021 QleanAir AB (publ) announced that at the AGM was held on 12 May 2022, the company approved the to distribute dividend amounting to SEK 22,288,800 in total to the shareholders, corresponding to a dividend of SEK 1.50 per share. The record date for dividends was established to be on 17 May 2022. The dividend is paid out through Euroclear Sweden AB, and is estimated to be paid out three business days after the record date (i.e. 20 May 2021). Board Change • Apr 29
High number of new and inexperienced directors There are 4 new directors who have joined the board in the last 3 years. The company's board is composed of: 4 new directors. No experienced directors. 1 highly experienced director. Director Mats Hjerpe is the most experienced director on the board, commencing their role in 2012. The company’s lack of experienced directors is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Apr 24
Full year 2021 earnings released: EPS: kr3.99 (vs kr4.51 in FY 2020) Full year 2021 results: EPS: kr3.99 (down from kr4.51 in FY 2020). Revenue: kr450.6m (down 9.1% from FY 2020). Net income: kr59.3m (down 12% from FY 2020). Profit margin: 13% (in line with FY 2020). Over the next year, revenue is forecast to grow 10.0%, compared to a 23% growth forecast for the industry in Germany. Valuation Update With 7 Day Price Move • Mar 08
Investor sentiment deteriorated over the past week After last week's 22% share price decline to €3.43, the stock trades at a forward P/E ratio of 9x. Average forward P/E is 13x in the Commercial Services industry in Europe. Reported Earnings • Feb 13
Full year 2021 earnings: Revenues and EPS in line with analyst expectations Full year 2021 results: EPS: kr3.99 (down from kr4.51 in FY 2020). Revenue: kr454.3m (down 7.8% from FY 2020). Net income: kr59.3m (down 12% from FY 2020). Profit margin: 13% (in line with FY 2020). Revenue was in line with analyst estimates. Over the next year, revenue is forecast to grow 14%, compared to a 23% growth forecast for the industry in Germany. Aankondiging • Feb 11
QleanAir AB to Report Fiscal Year 2021 Final Results on Apr 21, 2022 QleanAir AB announced that they will report fiscal year 2021 final results on Apr 21, 2022 Board Change • Feb 10
High number of new and inexperienced directors There are 4 new directors who have joined the board in the last 3 years. The company's board is composed of: 4 new directors. No experienced directors. 1 highly experienced director. Director Mats Hjerpe is the most experienced director on the board, commencing their role in 2012. The company’s lack of experienced directors is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Aug 14
Second quarter 2021 earnings released: EPS kr1.00 (vs kr1.17 in 2Q 2020) The company reported a poor second quarter result with weaker earnings and revenues, although profit margins were flat. Second quarter 2021 results: Revenue: kr112.3m (down 18% from 2Q 2020). Net income: kr14.9m (down 14% from 2Q 2020). Profit margin: 13% (in line with 2Q 2020). 
