ABSONasdaq StockholmPollution & Treatment ControlsIFRS · SEK

Absolent Air Care Group

Absolent Air Care Group develops and sells air-cleaning solutions for process air in industrial settings and for commercial kitchens. The group operates through two business areas, Industrial and Commercial Kitchen, and serves customers through a mix of products, service, installation, and aftermarket support, with operations and sales across multiple countries.

Operating profit (EBIT)32.6m SEK
−16.9 %y/y

Fiscal year 2025 · change from previous year

Development 2020–2025

050100150200250m SEK2020: EBIT 49 m SEK20202021: EBIT 132 m SEK20212023: EBIT 220 m SEK20232024: EBIT 39 m SEK20242025: EBIT 33 m SEK2025TTM 2026: EBIT 43 m SEKTTM43
RevenueOperating profit (EBIT)TTM = last 12 months, not a full fiscal year

Business

Share of revenue
Industrial air cleaning systems60 %

Filtration and air-cleaning solutions for process air in industrial environments.

Commercial kitchen air cleaning30 %

Air treatment and filtration products for commercial kitchen ventilation.

Service and aftermarket10 %

Installation, maintenance, spare parts, and support for installed systems.

Customers

The company sells to industrial customers that need cleaner process air in manufacturing environments and to operators of commercial kitchens that must manage grease, smoke, and airborne contaminants. End markets mentioned in the reports include automotive, aerospace, electronics, steel, manufacturing, food processing, fast food chains, schools, hotels, and hospitals. Customers buy these systems to improve workplace air quality, support compliance, reduce maintenance, and improve operating efficiency.

Industrial manufacturing customers

Buy process-air cleaning systems for metal fumes, dust, and other airborne contaminants in production environments.

Commercial kitchen operators

Buy filtration and air-cleaning systems for kitchens in restaurants, chains, schools, hotels, and hospitals.

Aftermarket and installed-base customers

Buy service, spare parts, and upgrades to maintain performance and extend system life.

Strategy

The strategy centers on organic growth through product leadership, faster innovation, and stronger service and aftermarket support. The group also uses selective acquisitions to strengthen geographic reach, technology breadth, and segment position, while operating a decentralized model with local decision-making close to customers.

Product leadership and modular platformsMedium term

Faster innovation and flexible product architecture support differentiation and shorter lead times.

Aftermarket expansionShort term

Service, spare parts, and support deepen customer relationships and increase repeat business.

Selective acquisitionsMedium term

M&A is used to strengthen geography, technology, and segment position.

Geography

Absolent Air Care Group operates internationally, with sales and local presence across several geographic markets. The reports emphasize expansion through local operations, which matters because customer service, installation, and aftermarket support are delivered close to end users and can vary by market conditions. The business is exposed to broad global demand cycles and to local regulatory regimes that influence investment in air-cleaning equipment.

Risks

The business is exposed to cyclical end markets, so customer investment appetite can weaken when industrial activity slows. It also faces technology, warranty, credit, tax, and execution risks tied to international operations, product performance, and the need to keep innovating in a competitive market.

Sorted by severity
LowMediumHighLowMediumHighImpact →Likelihood →Economic cycle dependency1Competition and technological development2Product warranties and liability3Tax and local expansion risk4Credit risk5
Impact is the risk’s severity and likelihood how probable it is over the next few years, both assessed from the company’s reports. Numbers match the list.
  1. Economic cycle dependencyImpact: HighLikelihood: High

    Customers in cyclical industries may delay equipment purchases when activity weakens.

    Exposure: Industrial end markets

  2. Competition and technological developmentImpact: HighLikelihood: Medium

    The company must keep improving products as rivals and technologies evolve.

    Exposure: Product development and market share

  3. Product warranties and liabilityImpact: MediumLikelihood: Medium

    Defects or failures can lead to recall, repair, or compensation costs.

    Exposure: Installed products and field performance

  4. Tax and local expansion riskImpact: MediumLikelihood: Medium

    Operating in several countries increases exposure to tax interpretation and market-entry risk.

    Exposure: Foreign subsidiaries and new local operations

  5. Credit riskImpact: MediumLikelihood: Low

    The group carries receivables from customers across many markets.

    Exposure: Accounts receivable

Accounting

Judgemental items
Revenue recognition

Sales may include products, installation, and service components with different timing of recognition.

Impact: Can shift revenue and margin timing between periods

Warranty and product liability provisions

Management must estimate future repair, recall, or compensation costs.

Impact: Affects operating expenses and liabilities

Goodwill and intangible assets

Acquisitions may create assets that require impairment testing.

Impact: Can create non-cash write-down risk

Foreign currency translation

The group operates in several countries and transacts in multiple currencies.

Impact: Can move operating income and financial items

Lease accounting

Facilities and equipment leases are capitalized under IFRS 16.

Impact: Affects EBITDA, debt-like liabilities, and depreciation

Publicly listed companies with a comparable business focus.

Last updated: 24/09/2026