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 2026 Green Landscaping Group AB (publ) Earnings Call Transcript

Apr 29, 2026 / 11:00 AM GMT
Release Date Price: €3.75 (-3.35%)

Key Points

Positve
  • Green Landscaping Group AB (FRA:2WN) reported a strong organic growth of 11% in the first quarter of 2026.
  • The company saw an improved underlying EBITDA, adjusted for capital gains, with a 29% increase compared to the previous year.
  • Sweden and other European markets showed stable profitability and clear earnings improvement.
  • The acquisition of Pinke Landschaft in Germany is expected to strengthen the company's market position.
  • The order backlog increased to SEK 7.7 billion, indicating a strong pipeline of future projects.
Negative
  • The company faced significant challenges in Norway, with a 60% decrease in profitability and a margin of only 3.4%.
  • Overall EBITDA decreased by 25% compared to the previous year, partly due to a capital gain in the prior period.
  • Cash flow was stable but slightly below expectations, with financial leverage at a high level of 3.1.
  • The Norwegian market is experiencing tough conditions with high competition and cost pressures.
  • Earnings per share declined to minus 0.36, reflecting lower EBITDA and ongoing challenges in certain markets.


Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

GREENL.ST - Green Landscaping Group AB (publ)
Q1 2026 Green Landscaping Group AB (publ) Earnings Call
Apr 29, 2026 / 11:00AM GMT

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Presentation
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Unidentified_1 [1]
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Thank you, and welcome to today's earnings call. As I mentioned, my name is Johan Ostram, and I'm also joined by our CFO, Markus Holmstrom, who will manage the financial section of these presentations in a few minutes.

But as always, let me tell you about the most recent performance and put that into context.

Now, the first quarter of 2026 showed a strong organic growth of 11%.

And we also saw an improved underlying EBITDA compared to prior year with adjusted for capital gains, and we also had a stable cash flow in the quarter.

Now, if we adjusted for items for comparability, the EBITDA amounted to $27 million, and that is an increase of 29% compared to previous year.
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