Sweden's Green Landscaping Q1 sales rise 14% on local demand; Norway unit hurts profits

Green Landscaping AB (publ)

29/04/2026 11:12

Overview

Sweden-based landscaping group's Q1 net sales rose 14% yr/yr, with 11% organic growth

Adjusted EBITA increased 29% yr/yr; reported EBITA fell due to prior-year capital gain

Company acquired German landscaping firm and divested Swedish subsidiary during the quarter

Outlook

Company expects activity levels to increase in the summer season

Ongoing initiatives aim to improve profitability in Norway and stabilize earnings

Company continues efforts to reduce weather dependency and improve earnings stability

Result Drivers

ORGANIC GROWTH - Co said strong organic growth in all segments, especially Sweden, drove Q1 results, supported by improvement initiatives

WINTER SERVICES DEMAND - Higher demand for winter services in Sweden and Norway contributed to sales growth, though colder winter conditions hurt landscaping services

NORWAY CHALLENGES - Profitability in Norway remained weak amid challenging market conditions; co said actions are underway to improve performance

Company press release: ID:nMFN5qdt4T

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Revenue
SEK 1.39 bln
Q1 Adjusted Free Cash Flow
SEK 137 mln
Q1 Basic EPS
-SEK 0.36
Q1 EBITA
SEK 30 mln
Q1 Organic Growth
11.00%


Analyst Coverage

The current average analyst rating on the shares is "strong buy" and the breakdown of recommendations is 2 "strong buy" or "buy", no "hold" and no "sell" or "strong sell"

The average consensus recommendation for the construction & engineering peer group is "buy."

Wall Street's median 12-month price target for Green Landscaping Group AB (publ) is SEK60.00, about 42% above its April 28 closing price of SEK42.25

The stock recently traded at 10 times the next 12-month earnings vs. a P/E of 10 three months ago

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)