Sweden's Green Landscaping Q3 sales rise 11% yr/yr
Sweden's Green Landscaping Q3 sales rise 11% yr/yr
Overview
Sweden landscaping group's Q3 net sales rose 11% yr/yr, with 3% organic growth
Adjusted EBITA fell 9% and margin narrowed to 6.9% from 8.4%
Company launched improvement program and named interim CEO after leadership change
Outlook
Company expects improvement program to gradually enhance profitability and cash flow
Green Landscaping says improving profitability and cash flow is its top priority
Result Drivers
IMPROVEMENT PROGRAM - Co launched Green Performance program aimed at enhancing profitability, cash generation and coordination across the group
NON-RECURRING ITEMS - Business review led to non-recurring items of SEK -79 mln in the quarter
Company press release: ID:nMFN5T2j95
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q3 Revenue |
| SEK 1.79 bln |
|
Q3 Loss Per Basic Share |
| SEK 0.26 |
|
Q3 Organic Growth |
| 3.00% |
|
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 SEK24.00, about 51.5% above its October 22 closing price of SEK15.84
The stock recently traded at 5 times the next 12-month earnings vs. a P/E of 7 three months ago
Reuters Recommended Reads
Oct 22 - Sweden's Coor Q3 sales flat, margin improves
Oct 22 - Sweden's Humana AB Q3 revenue rises 4% on price increases
Oct 21 - Rollins Q3 revenue slightly misses estimates as customer acquisition pressures persist
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(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.)