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QleanAir: Impressive Profitability and Solid Organic Growth - Redeye

Redeye was surprised by QleanAir’s Q3 report, in terms of profitability. Apart from that, we consider the report to be in line with our estimates and find the 8% organic growth very positive. Covid is still hurting QleanAir, but we believe a recovery is around the corner. We update our fair value range. (This Q3 update includes our initiation of coverage report)

Redeye was surprised by QleanAir’s Q3 report, in terms of profitability. Apart from that, we consider the report to be in line with our estimates and find the 8% organic growth very positive. Covid is still hurting QleanAir, but we believe a recovery is around the corner. We update our fair value range. (This Q3 update includes our initiation of coverage report)
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