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Green Landscaping Group AB ( (SE:GREEN) ) has shared an update.
Green Landscaping Group reported first-quarter 2026 net sales of SEK 1,389 million, up 14% year-on-year, with 11% organic growth and contributions from acquisitions, but margins softened as the EBITA margin declined to 2.2% and earnings per share remained negative. Adjusted EBITA rose 29% when excluding a prior-year capital gain, with profitability improving in Sweden and Other Europe while Norway continued to lag, and management is responding with cost and operational measures, tighter focus on leverage after net debt rose to 3.1 times EBITDA, and continued expansion in Germany to strengthen its European platform.
The group’s order backlog increased to SEK 7,741 million, underpinned by strong winter services demand and efforts to smooth seasonal swings, while cash flow from operations stayed stable at SEK 137 million despite higher leverage and weaker headline profitability. Portfolio reshaping continued with the acquisition of German firm Finke Landschaft + Straße GmbH and the divestment of Svensk Jordelit AB, and governance changes are in train with a proposed refresh of the board, as the company positions for a busier summer season and seeks to lift returns in its underperforming Norwegian operations.
More about Green Landscaping Group AB
Green Landscaping Group AB is a Nordic-based provider of landscaping, maintenance and winter services, operating across Sweden, Norway and continental Europe. The company focuses on snow and ice removal, green area maintenance and related infrastructure services, and has been expanding its platform in Central Europe, notably Germany and Lithuania, to reduce seasonality and weather dependence in its earnings profile.
Average Trading Volume: 60,413
Technical Sentiment Signal: Sell
Current Market Cap: SEK2.44B
Find detailed analytics on GREEN stock on TipRanks’ Stock Analysis page.