Green Landscaping Group AB (FRA:2WN)
€ 2.23 -0.030 (-1.33%) Market Cap: 138.15 Mil Enterprise Value: 145.11 Mil PE Ratio: 12.10 PB Ratio: 0.88 GF Score: 71/100

Q1 2025 Green Landscaping Group AB (publ) Earnings Call Transcript

Apr 24, 2025 / 11:00AM GMT
Release Date Price: €5.56 (+1.83%)
Johan Nordstroem;publ;Chief Executive Officer
Green Landscaping Group AB

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Thank you and welcome to today's earnings call. As mentioned, my name is Johan Nordstrom and I'm joined today by our CFO Marcus Holmstrom, who is doing his second earnings call I believe.

And he will manage the financial section of this presentation. But before we dive into the presentation, just let me tell you about the start of the year and to put that into the context. We have just left one of the mildest winters for the last 15 years behind us, and the lack of snowfall has, of course, impacted our Q1 numbers.

And of course, I'm not satisfied with the performance where we are today. Sales were down about 12% and the EBITA margin ended up at 3.2%. Now, being an outdoor company exposed to changing weather conditions, did these situations occur, but I said, of course, we're not satisfied with the performance.

We are doing what we can to mitigate the financial impact, and when we are comparing to similar conditions as we had back in 2020, we're actually doing better. So

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