Clean Motion (CLEMO) Q2 2026 earnings summary

Executive summary

• Focused on expanding distributor network in sun-rich regions and meeting local demand with strategic partnerships and local production capacity.

• High activity in Sweden, Denmark, Switzerland, and France, with significant orders and new distribution agreements.

• Notable orders include 8 vehicles to TGCC in Stockholm (~2 MSEK) and a kit agreement with Averroes in Dubai (~8 MSEK).

• Participation in major trade fairs and increased interest from new markets such as Italy, Spain, and Germany.

• Ongoing efforts to secure public funding, including EU and Swedish Energy Agency applications for product development and scaling.

Financial highlights

• Net sales for Jan–Jun 2026 reached 2,489 TSEK, up from 1,359 TSEK year-over-year.

• Operating result before depreciation was -8,772 TSEK, compared to -6,036 TSEK last year.

• Result after financial items was -11,887 TSEK, versus -8,148 TSEK year-over-year.

• Cash flow for the period was -3,939 TSEK; cash and cash equivalents at period end were 641 TSEK.

• Share capital at period end was 34,668,757.7 SEK, with 346,617,577 shares outstanding.

Outlook and guidance

• Strategy remains to build out the distributor network and meet local demand in solar-rich regions.

• Anticipates further expansion in Europe and Gulf region, with ongoing public funding applications to support new product development.

• Positive momentum from recent capital raise and increased market interest.