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Redeye comments on QleanAir’s Q1 figures, where sales were in line while profitability recovered significantly, reaching an EBIT margin of 14% vs. -15% in Q4’22. Segment-wise, Cabin solutions, and Air cleaners were stronger than expected while Cleanrooms were below. We expect to raise our profitability outlook for 2023 and reiterate our fair valuation range, seeing a solid upside in the share.
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