Green Landscaping Group AB (publ) (GREEN) Q1 2026 Earnings Call

Investor webinar replay

Replay transcript excerpt

Thank you and welcome to today's earnings call. As I mentioned, my name is Johan Ostrom and I'm also joined by our CFO, Markus Holmström, who will manage the financial section of this presentation 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 EBIT A compared to prior year with adjusted for capital gains. And we also had a stable cash flow in the quarter. Now, if we are adjusted for items for comparability, the EBIT A amounted to 27 million, and that is an increase of 29% compared to previous year. Then the performance across the group is a little bit of a mixed bag. We saw in Sweden there we delivered clear earnings improvement and that is driven by the actions we have implemented. Other Europe reported a season with stable profitability and in Norway we continue to see a weak performance in a challenging market. And of course, we are not satisfied with the overall outcome for the company, but we do remain fully focused on improving the profitability in particular in Norway. And also during the quarter, we have invested in one strong company through the acquisition of Finke Landschaftenstraße in Germany. So I think that's the perspective that it's a mixed bag. So Sweden and other Europe was performing and we had some challenges in Norway. why we overall saw an organic growth of 11% in the first quarter. So let's move into the presentation. Just a brief overview of the Green Landscaping Group. We are a leading company in the ground maintenance and landscaping industry in Europe. We operate in a very large and attractive market with structural growth in the marketplace. And also, we do have an entre...