Clean Motion (CLEMO) Q3 2026 earnings summary

Executive summary

• EVIG is now active across Delivery, Utility, Event and Memorial; management said the strategy remains intact, but progress is slower than planned.

• Commercial focus shifted toward Southern Europe, with distributor support and demonstration vehicles intended to build orders for 2027 deliveries.

• Jan-Sep revenue rose to 2,932 TSEK from 1,468 TSEK, while the loss before depreciation widened to 11,668 TSEK from 7,354 TSEK.

Financial highlights

• Jan-Sep net sales were 2,932 TSEK vs 1,468 TSEK YoY; Q3 sales were 443 TSEK vs 110 TSEK.

• Jan-Sep operating result before depreciation was -11,668 TSEK vs -7,354 TSEK; operating result was -15,645 TSEK vs -10,569 TSEK.

• Jan-Sep net loss was 16,100 TSEK vs 11,198 TSEK; Q3 net loss was 4,212 TSEK vs 3,049 TSEK.

• Cash and bank were 1,023 TSEK at Sep 30, down from 4,580 TSEK at Dec 31, 2025.

Outlook and guidance

• Sales efforts are being concentrated in Southern Europe, where active distributor support and demo vehicles are intended to build orders for deliveries in 2027.

• Launch and delivery of the first 10 EVIG vehicles in the Gulf region were delayed after the demo vehicle’s ship was held up for more than three months; a contingency plan is being prepared.

• Funding decisions from EIC Accelerator and the Swedish Energy Agency were expected for development of a four-wheel successor to EVIG.