Green Landscaping Group AB (GREEN) AI Stock Analysis

• Market Cap: kr2.38B
• Dividend Yield: N/A
• Average Volume (3M): 56.54K
• Price to Earnings (P/E): 18.6
• Beta (1Y): 0.32
• Revenue Growth: -0.37%
• EPS Growth: -39.70%
• Country: SE
• Employees: 3,000
• Sector: Industrials
• Sector Strength: 72
• Industry: Specialty Business Services
• EPS (TTM): 0.90
• Shares Outstanding: 56,799,576
• 10 Day Avg. Volume: 69,701
• 30 Day Avg. Volume: 56,544
• PEG Ratio: -0.58
• Price to Book (P/B): 1.54
• Price to Sales (P/S): 0.42
• P/FCF Ratio: 12.02
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0
• EPS Forecast (FY): 3.9
• Revenue Forecast (FY): kr6.77B

• Rating: 57 Neutral
• Price Target: kr41.00 ▼(-10.68% Downside)
• Action: Reiterated Date: 01/30/26
• Date: Action: Reiterated 01/30/26

The score is supported by strong multi-year revenue growth and a significantly de-risked balance sheet from major debt reduction. It is held back by the recent decline in earnings and cash flow, and by weak technicals with the stock trading below major moving averages and negative momentum.

Positive Factors

Multi-year revenue growth

Multi-year revenue expansion from 2.1B to 6.2B and 27% growth in 2025 indicates strong market demand and scalable service delivery. Durable top-line momentum supports capacity to invest in operations, improves leverage of fixed costs, and underpins long-term growth if margins recover.

Material debt reduction / de-risked balance sheet

Debt reduction from 2.88B to 1.12B materially lowers leverage and refinancing risk, increasing financial flexibility. A de-risked balance sheet provides durable optionality for capex, strategic investments or M&A and improves resilience against cyclical downturns.

Positive free cash flow across cycle

Positive operating cash flow (314M) and FCF (216M) in 2025 demonstrate underlying cash-generation capability even amid headwinds. Sustained FCF supports continued deleveraging, reinvestment in the business and long-term capital allocation flexibility without sole reliance on external funding.

Negative Factors

Earnings and margin deterioration

A material drop in net income and EBIT signals margin compression or cost pressure that undermines the conversion of revenue growth into sustainable profitability. Prolonged earnings weakness reduces internal funding, weakens ROE, and must be reversed to justify scale and lower leverage.

Weakened cash-conversion trend

Operating and free cash flow roughly halved year-over-year, with FCF growth turning negative. Reduced cash conversion constrains debt repayment, capital expenditures and strategic investments, raising structural risk if working capital or margin issues persist.

Rising asset base with uncertain returns

Total assets rose to 6.23B while profitability weakened, creating risk that higher asset intensity dilutes returns. If asset growth outpaces profitable deployment, ROA/ROE may suffer and the benefit of lower leverage will be muted unless margin or asset-turn improvements follow.

Green Landscaping Group AB Business Overview & Revenue Model

Company Description

Green Landscaping Group AB (publ), together with its subsidiaries, provides maintenance and landscaping services for outdoor environments in Sweden, Norway, and Finland. The company offers ground maintenance services, including cleaning, lawn mowing, pruning, planting, harvesting, and road maintenance; and landscaping services, such as landscaping architecture, ground design, plant technology, project management, inspection, and construction services to county councils, municipalities, property managers, property companies, and other owners or managers of green areas. It also provides road maintenance, and snow and ice removal services on roads, streets, park areas, marketplaces, and grounds surrounding properties. In addition, the company offers water and waste, sports landscaping, and arborist services. Green Landscaping Group AB (publ) was incorporated in 2008 and is based in Stockholm, Sweden.

How the Company Makes Money

Green Landscaping Group AB generates revenue through multiple streams, primarily from service contracts for landscaping projects, which include both one-time installations and ongoing maintenance services. The company charges clients for design services, project execution, and periodic upkeep of landscaped areas. Additionally, GREEN benefits from partnerships with local governments and municipalities for public green space maintenance and enhancement projects, which provide a steady source of income. The firm also engages in eco-friendly product sales, such as native plants and sustainable gardening supplies, further diversifying its revenue. By focusing on high-quality service and sustainability, GREEN attracts a loyal customer base, ensuring consistent earnings.

Green Landscaping Group AB Financial Statement Overview

Summary

Strong revenue growth (27% in 2025; multi-year expansion), and balance sheet risk improved sharply as debt fell to 1.12B from 2.88B. Offsetting this, profitability and cash generation weakened in 2025 (net income and EBIT down; operating cash flow and free cash flow materially lower vs 2024), indicating margin and cash-conversion pressure.

Income Statement

The company delivered strong multi-year top-line expansion (revenue rising from 2.1B in 2020 to 6.2B in 2025), including 27% growth in 2025. However, profitability weakened in the most recent year: net income fell to 128M in 2025 from 196M in 2024, and operating profit also declined (EBIT down to 255M from 384M). Earlier years showed steadier margin performance, but the latest step-down in earnings tempers the otherwise solid growth story.

Balance Sheet

Leverage improved meaningfully in 2025, with total debt dropping to 1.12B from 2.88B in 2024, while equity remained stable (~1.69B). This reduces balance sheet risk versus prior years when leverage was elevated (debt-to-equity around 1.6–1.9 historically). A key watch item is that total assets increased to 6.23B in 2025, so investors should monitor whether returns rebound alongside the lower debt load, especially after the 2025 earnings decline.

Cash Flow

Cash generation remains positive, with operating cash flow of 314M and free cash flow of 216M in 2025. That said, cash flow weakened versus 2024 (operating cash flow down from 601M; free cash flow down from 473M), and free cash flow growth turned negative in 2025 (-27%). The business has shown an ability to produce free cash flow across the cycle, but the recent contraction suggests near-term pressure on cash conversion.

Breakdown	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	6.23B	6.35B	5.83B	4.81B	3.14B
Gross Profit	255.00M	3.52B	3.21B	2.55B	1.74B
EBITDA	783.00M	801.00M	767.00M	560.00M	346.30M
Net Income	128.00M	196.00M	216.00M	184.00M	92.00M
Balance Sheet
Total Assets	6.23B	6.04B	5.36B	5.02B	3.17B
Cash, Cash Equivalents and Short-Term Investments	651.00M	688.00M	416.00M	476.00M	352.20M
Total Debt	666.00M	2.88B	2.39B	2.28B	1.39B
Total Liabilities	4.54B	4.36B	3.85B	3.69B	2.28B
Stockholders Equity	1.69B	1.66B	1.48B	1.30B	895.70M
Cash Flow
Free Cash Flow	216.00M	473.00M	281.00M	329.00M	130.50M
Operating Cash Flow	314.00M	601.00M	379.00M	431.00M	174.50M
Investing Cash Flow	-364.00M	-395.00M	-279.00M	-811.00M	-465.20M
Financing Cash Flow	44.00M	62.00M	-137.00M	492.00M	521.90M

Green Landscaping Group AB Technical Analysis

• Technical Analysis Sentiment: Neutral
• Last Price: 45.90
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For SE:GREEN, the sentiment is Neutral. The current price of 45.9 is above the 20-day moving average (MA) of 40.53, above the 50-day MA of 44.12, and below the 200-day MA of 52.42, indicating a neutral trend. The MACD of -0.89 indicates Negative momentum. The RSI at 48.20 is Neutral, neither overbought nor oversold. The STOCH value of 74.63 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for SE:GREEN.

Green Landscaping Group AB Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
SVIK	69 Neutral	kr2.37B	63.02	5.48%	0.82%	3.86%	-28.91%
COOR	64 Neutral	kr5.61B	25.82	10.13%	3.29%	-0.69%	-14.04%
Sector *	63 Neutral	$10.79B	15.43	7.44%	2.01%	2.89%	-14.66%
GREEN	57 Neutral	kr2.38B	18.58	8.53%	―	-0.37%	-39.70%
REJL.B	56 Neutral	kr3.74B	18.65	10.98%	2.68%	7.23%	1.27%
VESTUM	51 Neutral	kr3.60B	-27.25	-0.85%	―	-27.41%	49.11%
ELAN.B	50 Neutral	kr1.77B	-33.49	-3.09%	6.60%	-7.32%	-139.66%

Green Landscaping Group AB Corporate Events

Green Landscaping Group Nominates Tomas Bergström as New Board Chairman

Green Landscaping Group’s Nomination Committee has proposed current board member and Byggmästare Anders J Ahlström Holding CEO Tomas Bergström as the new chairman of the board, replacing long-serving chair Per Sjöstrand, who will step down after more than a decade in the role and has declined re-election at the upcoming Annual General Meeting. The planned change in chairmanship signals a generational shift in governance for the rapidly growing landscaping group, with the full board proposal to be presented ahead of the AGM, and may influence the company’s strategic direction as it continues its acquisition-driven expansion in the Nordic outdoor services market.

The most recent analyst rating on (SE:GREEN) stock is a Hold with a SEK46.00 price target. To see the full list of analyst forecasts on Green Landscaping Group AB stock, see the SE:GREEN Stock Forecast page.

Green Landscaping Group Sells Jordelit to Sharpen Core Landscaping Focus

Green Landscaping Group AB has sold 100% of the shares in its subsidiary Svensk Jordelit Aktiebolag and its Norwegian unit Jordelit AS, which supply products for the maintenance of green areas and sports grounds, to industrial group Svevik Industri. The SEK 117 million net-sales business was acquired for a cash consideration, with no material impact on earnings, and the divestment is framed as part of a strategic review in Sweden aimed at sharpening Green Landscaping Group’s focus on its core landscaping and maintenance services for public customers, clarifying its portfolio and operational priorities for shareholders and other stakeholders.

The most recent analyst rating on (SE:GREEN) stock is a Hold with a SEK45.00 price target. To see the full list of analyst forecasts on Green Landscaping Group AB stock, see the SE:GREEN Stock Forecast page.

Green Landscaping Group Cuts Dividend as Weak Markets Hit 2025 Earnings but European Expansion Continues

Green Landscaping Group reported full-year 2025 net sales of SEK 6,229 million, down 2% with organic decline of 8%, while EBITA fell 16% to SEK 444 million and the EBITA margin slid to 7.1%. Profitability and cash flow were pressured by weak market conditions, particularly in Norway and certain Swedish units, leading to a sharp drop in earnings per share and a higher gearing ratio of 3.0 times EBITDA, and the board has proposed no dividend for 2025 while the company continues share buybacks. In the fourth quarter, sales were broadly flat at SEK 1,791 million and EBITA decreased 11%, but Sweden showed some margin improvement, Other Europe remained strongly profitable, and management highlighted that cost-cutting and efficiency initiatives in Sweden and Finland are beginning to show results. Strategically, Green Landscaping continued its expansion in continental Europe with four acquisitions in 2025, all with margins above the group average, added another German company in January 2026, and renewed a SEK 2.2 billion financing facility, reinforcing its acquisition-driven growth model even as it prioritises restoring margins and reducing leverage.

The most recent analyst rating on (SE:GREEN) stock is a Hold with a SEK47.00 price target. To see the full list of analyst forecasts on Green Landscaping Group AB stock, see the SE:GREEN Stock Forecast page.

Green Landscaping Group Expands German Footprint with Acquisition of Finke Landschaft + Straße

Green Landscaping Group AB has strengthened its position in Germany’s North Rhine-Westphalia region by acquiring 100% of Finke Landschaft + Straße GmbH, a Borken-based provider of groundwork, sewer construction and landscaping services with around 40 employees and 2025 sales of approximately EUR 12 million. The deal, financed through a mix of cash and newly issued shares that makes founder Andreas Finke a shareholder in the parent company, expands Green Landscaping Group’s civil engineering and landscaping capabilities across Germany, deepens its regional presence and creates opportunities for knowledge sharing and long-term development within the group, offering clients broader, integrated services and reinforcing the company’s consolidation strategy in the European landscaping and infrastructure market.

The most recent analyst rating on (SE:GREEN) stock is a Hold with a SEK47.00 price target. To see the full list of analyst forecasts on Green Landscaping Group AB stock, see the SE:GREEN Stock Forecast page.

Green Landscaping Group Sets 28 January Date for Year-End 2025 Results Presentation

Green Landscaping Group will publish its Year-End Report for 2025 on 28 January at 11:00 CET and follow it with an English-language webcast and teleconference at 12:00 CET, where CEO Johan Nordström and CFO Marcus Holmström will present the results and take questions from investors and analysts. The planned presentation underlines the company’s ongoing efforts to maintain transparent communication with the capital market and provides stakeholders with a key opportunity to assess its financial performance and strategic progress after a year of continued growth in the landscaping and green space management sector.

The most recent analyst rating on (SE:GREEN) stock is a Hold with a SEK47.00 price target. To see the full list of analyst forecasts on Green Landscaping Group AB stock, see the SE:GREEN Stock Forecast page.

Green Landscaping Group Finalises Acquisition of Lithuanian Firm UAB Economus

Green Landscaping Group AB has completed the acquisition of UAB Economus in Lithuania, taking over 100% of the shares, following regulatory approval by local authorities. UAB Economus, founded in 2006, specialises in children’s playgrounds and outdoor gym installations and maintenance, with annual net sales of about EUR 3.4 million, and will be consolidated into Green Landscaping Group from 1 January 2026, strengthening the group’s presence and offering in the Baltic market for outdoor recreational infrastructure.

The most recent analyst rating on (SE:GREEN) stock is a Hold with a SEK49.00 price target. To see the full list of analyst forecasts on Green Landscaping Group AB stock, see the SE:GREEN Stock Forecast page.