Green Landscaping Group AB (publ) (GREEN) Q3 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Welcome to the Green Landscaping Group Q3 presentation 2025. For the first part of the presentation, participants will be in listen-only mode. During the questions and answers session, participants are able to ask questions by dialing pound key five on their telephone keypad. Now I will hand the conference over to the CEO, Johan Nordstrom, and CFO, Markus Holmstrom. Please begin your meeting. Thank you. And welcome to today's earnings call. And as mentioned, my name is Johan Holmström. I'm the Managing Director for the company. And I'm also joined by our CFO, Markus Holmström, as mentioned. And he will take care of the financial section of this presentation. But always, let me tell you about our most recent performance and putting that into context. So all in all, for the third quarter of 2025, we believe that we delivered reasonably well in the third quarter, in particular given the market headwinds. However, if you look upon the results, they do differ quite a bit between our segments, and in particular Sweden and Norway, who faced the toughest market conditions, they did struggle to meet our expectations. But on the contrary, other Europe, and that is Finland, Lithuania, and Germany, they continue to outperform and deliver a very strong set of results. We have also, in the meantime, invested in two good companies so far this year. And that has taken us halfway to our ambition of acquiring 8,200 million SEK of EBITDA for the full year of 2025. And this ambition remains valid for the remainder of the year. We have also renewed and extended our bank loans during the last few months. And together with the bonds that we issued in May, we have effectively secured our financing for the coming years on, I would say, very good terms. So that's to frame in the performance. ...