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

Investor webinar replay

Replay transcript excerpt

Thank you and welcome to today's earnings call. As mentioned, my name is Johan Holmstrom 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 they beat a margin and adapted 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 we are not pleased with the performance, but I can see significant signs of improvements. Now, moving away from the weather, we can still that the market conditions and that is particular in Sweden, Finland, Norway and Germany, which are our main markets. Our outlook is basically that the markets are moving sideways. We are starting to see some positive signs, some discussions that is, to some extent, also a slightly decreased competitive situation. But we do not forecast that that would have any material impact in any near time future. Then as for the current economic and political turmoil with tariffs hitting global trade and so forth, our belief today is that we will not be directly impacted again in the near time future. But if we have a recession coming in or something similar, then of cour...