Published: 5/29/2026 7:33:46 AM

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Finwire about Aerowash AB: Aerowash reduced revenue but the result was the "strongest in a long time"

The cleaning technology company Aerowash reduced revenue but improved results in the first quarter. Operating profit turned to a profit while the company received orders in Japan and a positive award decision from International Airlines Group.Net sales amounted to SEK 7.6 million (8.2). Operating profit improved to SEK 0.3 million (-5.5), while profit after financial items amounted to SEK -0.1 million (-5.7). Earnings per share were SEK -0.003 (-0.44).During the quarter, Aerowash received two orders in Japan via the distributor Correns Corporation. The company also received a positive award decision from International Airlines Group (IAG) after a procurement of washing robots for British Airways' operations at London Heathrow Airport.CEO Niklas Adler describes the quarter as the strongest in a long time and especially highlights the positive operating profit. He emphasizes that the orders in Japan show that the company's partner model works and that the market for automated aircraft washing is global. According to the CEO, the award decision from IAG is strong recognition of the company's technology, even though negotiations on a final delivery agreement are still ongoing.Aerowash also states that the aviation industry is affected by geopolitical concern and rising fuel prices, which lengthen sales processes and have led to postponed deliveries at the partner Aerotech. The company has therefore reallocated completed units to the Japanese market.The company has also started a subsidiary for vehicle washing such as trains and buses and other heavy vehicles. "At the same time, we are humble about the fact that work remains on the aviation side and the order book needs to be strengthened. The aviation industry is characterized by long decision times, but despite a challenging market climate, sales processes are underway on several continents and we are actively working to complete them. With a positive operating profit, an award decision from IAG, orders from Japan, a strengthened foothold in North America and a new business line under development, the direction is clear. I look forward to reporting continued progress," Adler concludes his CEO commentary.Aerowash, SEK millionQ1 2026Q1 2025ChangeRevenue7.68.2-6.4%Operating profit0.3-5.5Profit before tax-0.1-5.7Net profit-0.1-5.7Earnings per share, SEK-0.00-0.44

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