Sweden · Delayed Price · Currency is SEK Green Landscaping Group AB Earnings Call Transcripts
Fiscal Year 2026
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Q1 2026 saw 14% sales growth and a 29% underlying EBITA increase, with strong performance in Sweden and Other Europe but ongoing profitability challenges in Norway. Cash flow was stable, leverage rose to 3.1, and M&A activity continued with a key German acquisition.
Fiscal Year 2025
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Q4 and full-year results showed resilient margins despite market headwinds, with strong performance in other Europe offsetting weakness in Norway and a recovering Sweden. Cash flow and leverage remain key focus areas, with M&A and internal improvements expected to drive 2026 growth.
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Operating across six countries, the group leverages a decentralized model and M&A to drive growth, with a focus on margin improvement and stable cash flow. The DACH region is prioritized for expansion due to high profitability, while Nordic operations focus on margin recovery.
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Q3 2025 saw stable revenue growth driven by acquisitions, but profitability declined due to market headwinds in Sweden and Norway and a one-off project write-down. Other European operations delivered strong results, and the company remains focused on deleveraging and margin recovery in 2026.
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Q2 results were impacted by a mild winter and weak Q1, but activity rebounded in May and June. Margin expansion in Sweden and strong profit growth in Finland are underway, while two major German acquisitions advanced M&A goals. Leverage is elevated but expected to decline in H2.
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A decentralized group with 56 entities across Europe leverages disciplined M&A and operational improvements to drive industry-leading profitability and stable growth. Despite a challenging Q1 due to mild winter, cash flow remains strong, and the outlook is positive with a robust acquisition pipeline and stable market demand.
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Q1 saw a 12% sales drop and a sharp margin decline due to an unusually mild winter, with Sweden showing resilience and Norway more exposed to weather volatility. M&A activity is expected to accelerate in Q2, and margin improvements in Sweden should become visible from Q3.
Fiscal Year 2024
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Sales grew 9% in 2024 with strong cash flow and 8 acquisitions, but Swedish operations underperformed while Norway and Europe delivered robust growth. Focus remains on margin improvement in Sweden and continued M&A, with stable market conditions expected in 2025.
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Operating in a resilient, steadily growing market, the group leverages a decentralized model and strategic M&A to drive above-average profitability and expansion, especially in the DACH region. Financial targets are being exceeded, with ongoing discussions to revise them upward.
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Operating in a large, stable market, the group leverages a decentralized, entrepreneurial model and proven M&A strategy to drive growth and profitability. Expansion focuses on Germany and the DACH region, with plans to double acquisition capacity and maintain industry-leading margins.
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Q3 saw 3% organic growth and an 8.4% EBITDA margin, with strong cash flow and three acquisitions completed. Sweden's margin was impacted by a loss-making contract, now exited, while Norway and Europe segments delivered robust results. Management restructuring and a solid acquisition pipeline support future growth.
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Q2 2024 saw 11% revenue growth and strong margins, with four new acquisitions expanding the group’s European footprint. Cash flow was seasonally weak but is expected to recover in Q3, and profit margins in Sweden should improve as a loss-making contract ends.