QleanAir announces preliminary results for the fourth quarter 2022
QleanAir AB (publ), the premium supplier of solutions for clean indoor air, today announces preliminary results for the fourth quarter 2022. QleanAir discloses this information as the company considers it to significantly deviate from the communication related to the company’s interim report for the third quarter 2022.
QleanAir discloses the following preliminary and not audited results for the fourth quarter:
| MSEK | Q4 2022 | Q4 2021 | FY 2022 | FY 2021 |
| Net Revenue | 120 | 118 | 455 | 451 |
| Recurring Revenue | 71 | 65 | 277 | 262 |
| Gross Profit | 68 | 81 | 311 | 322 |
| Gross-margin | 57% | 69% | 68% | 71% |
| Adj. Gross Profit* | 81 | 81 | 324 | 322 |
| Adj. Gross-margin* | 68% | 69% | 71% | 71% |
| EBIT | -18 | 18 | 28 | 83 |
| EBIT-margin | neg | 15% | 6% | 18% |
| Adj. EBIT** | 3 | 18 | 50 | 83 |
| Adj. EBIT-margin** | 3% | 15% | 11% | 18% |
In the fourth quarter, the Gross Profit includes non-recurring one-time write-downs of inventory, related to projects in the Nordic region amounting to a total of approximately SEK 13 million. In addition, the EBIT-result was negatively affected by non-recurring items amounting to a total of approximately SEK 5 million related to one-time costs for the change of CEO and organizational changes and approximately SEK 3 million for additional project related costs. In total, approximately SEK 21 million in non-recurring costs affected the fourth quarter.
Furthermore, cost increased during the fourth quarter related to investments in marketing, sales and product development.
Consequently, the Board of Directors in QleanAir will propose to the Annual General Meeting 2023, that no dividend for the year 2022 is paid out.
Fourth quarter and year-end report for 2022
The full report will, as previously announced, be disclosed on February 10 at 8.00 CET. Investors and analysts will be invited to an audiocast at 10.00 CET the same day, see upcoming invitation for more information.
Alternative key figures
*Adjusted gross profit and adjusted gross margin – shows gross profit adjusted for non-recurring items, one-time write-down, of inventory related to projects in the Nordic region.
**Adjusted operating profit, EBIT – shows operating profit adjusted for non-recurring items, one-time write-down, of inventory related to projects in the Nordic region and for non-recurring items related to one-time costs for the CEO and organizational change, and additional project related costs.