Green Landscaping Group AB (publ) (GREEN) Q2 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Thank you and welcome to today's earnings call. And as mentioned, my name is Johan Holmström and I'm joined with our CFO, Markus Holmström, who will manage the financial section of this presentation in a few minutes. So before we dive into the presentation per se, Let me ask you a high level pitch on how we look upon the second quarter and put that into context. So we started the year with a weak Q1, given the lack of winter and snow removal activities. And this, of course, had a spillover effect in the month of April, meant that we had slightly lower revenue and profitability. And of course, it did have a negative impact on our cash flow as well as the activities we do in the first quarter. They are invoiced in that quarter, but typically we do receive payment in the beginning of the second quarter. So that had a negative effect on our leverage at the end of the day. Beginning in May, things picked up quite significantly. So I would say that both May and June came in according to our expected levels and this is also the high season where we start up with the landscaping activities on a big scale. And of course, if you look upon the market as a whole, we can still see that there are headwinds in the marketplace. It hasn't really picked up. Again, when we talk to the entrepreneurs about their outlook, they are positive as always, and that's a good thing. But nonetheless, from our perspective, I would say that the market is trending sideways so far this year. Our margin expansion activities in Sweden are progressing according to plan. So that's where we have the discontinuing of a couple of our operations and unprofitable customer contracts and such. And that is a work that has been ongoing for some time. And I assume this will have full effect towards the end of the y...