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Onsdag 28 Oktober | 18:13:41 Europe / Stockholm

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Redeye

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QleanAir - Impressive Growth but Somewhat Uncertain Near-Term Outlook

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QleanAir - Impressive Growth but Somewhat Uncertain Near-Term Outlook

2022-02-17 10:00:00

Redeye was surprised by QleanAir’s Q4 report in terms of growth but was left a bit disappointed on the profitability side. “New” customer segments grew very impressively, while Cabins declined. It is still clear that Covid restrictions are still hurting QleanAir in its main growth market (Japan), but we believe recovery should occur during 2022. We update our fair value range.

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This is a press release from Redeye - Research Powered Investment Banking. www.redeye.se/