QleanAir Q3’22: Solid Profitability - Redeye

Redeye comments on QleanAir’s Q3 figures, with sales and EBITDA slightly below estimates. Air Cleaners and Cleanrooms segments were in line, while cabin solutions slightly below. Profitability posted an encouraging improvement, of 5 percentage points sequentially. We interpret increased optimism regarding the opportunities going forward, and we expect its increased sales activities and cross-selling opportunities will lead back to organic growth.

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