QleanAir Investor Presentation Q1 2024
Premium CleanTech solutions for indoor air cleaning
Sebastian Lindström | Henrik Resmark |
CEO | CFO |
Speakers
3
QLEANAIR | Q1 INTERIM REPORT 2024
Q1 in summary - Stable revenue and operating margin
- FX effect on topline
- Stable Recurring Revenues, 63% of total Net Sales
- EBIT margin 9.7% vs 13.7% previous year, however improved from 7.8% in Q4 2023
119(121) | 75 (74) |
Net sales, SEK millions | Recurring revenues, SEK millions |
69 (71) | 9.7(13.7) |
Gross-margin, % (adj 2023) | EBIT-margin, % (adj 2023) |
0(11) | 0.53(0.68) |
Operating Cash-Flow, SEK millions | EPS, SEK |
Our focus on operational excellence and strategic acceleration are
starting to pay off!
4
QLEANAIR | Q1 INTERIM REPORT 2024
Stable Q1 - Air Cleaners & Cleanrooms represented 36 (26)% of total revenues
APAC - another solid quarter continued success Air Cleaners
- Q1 Sales SEK 50 (58) million, -14%, fx effect of SEK 6 million
- Furthermore, fewer contracts expired and could be renewed in the quarter.
EMEA - Strong performance from Air Cleaners
- Q1 Sales SEK 56 (54) million, +4%
- Cancellation of contracts related to schools in Germany
AMERICAS - continued high activities for Cleanrooms in USA
- Q1 Sales SEK 13 (9) million, +47%
- Strengthening Salesforce further and activities to create value
5
QLEANAIR | Q1 INTERIM REPORT 2024
Upfront planning and thoroughness will determine outcome - top three priorities
OPERATIONAL EXCELLENCE
STRATEGIC |
ACCELERATION |
STRATEGIC |
ACCELERATION |
Cost control
- Cost improvement project on Cogs and service in EMEA.
- Detailed follow-up on delivering improvement of cost in the USA
Sales efficiency
- Focus on France, Sweden and Germany.
- Increased training activity for sales teams
Customer focus
- Key exploration areas picked up in our product strategy workshops in 2023.
- Completion of workshops across all regions in preparation for updated strategic plan.
6
QLEANAIR | Q1 INTERIM REPORT 2024
The freedom of clean air
The freedom of clean air is the promise that we bring to our customers.
Position
- The specialized provider of premium clean air solutions.
Purpose
- Making a real difference through clean air.
Promise
- The freedom of clean air is what we bring to our customers.
QleanAir target several layers of the customers' needs
HVAC
HVAC (Heating, ventilation, and air conditioning)
Secondary filtration
Secondary filtration
Primary filtration
Primary filtration
Particle Source
Particle
Source
QLEANAIR | Q1 INTERIM REPORT 2024
We are specialists in indoor air quality, our products are very versatile
Means that we can control filtration, pressure, airflows, velocity and directions, and that we can verify the result through measurements (controlled area), our products is our toolbox to create solutions.
Positive pressure | Negative pressure | Cleaner zones | Combinations |
QLEANAIR | Q1 INTERIM REPORT 2024
The strength of our circular business model
- Geographical mix -> EMEA, APAC, Americas
- Product mix -> 3 product categories
- Customer mix -> more than 3 500 customers
- Regional supply chains -> EMEA, APAC, Americas
- High degree of recurring revenues ~60%
- Increasing installed base generates EPS, dividend proposal AGM SEK 0.60 (0)
"A number of measures
have been initiated
that we expect to yield
results in 2024 and beyond, and we can see in the first quarter that the figures are starting to move in the right direction."
QLEANAIR | Q1 INTERIM REPORT 2024
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QleanAir Holding AB published this content on 08 May 2024 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 08 May 2024 07:10:10 UTC.