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Green Landscaping Group Q4 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q4 2025 earnings summary28 Jan, 2026
Executive summary
Net sales for 2025 were SEK 6,229 million, down 2% year-over-year, with organic growth at -8% and acquired growth at 8%.
EBITA for the year fell 16% to SEK 444 million, with a margin of 7.1%, reflecting resilience despite market headwinds and a mild winter.
Four acquisitions were completed in 2025, mainly in Germany and Lithuania, contributing SEK 82 million in EBITA and supporting expansion in continental Europe.
Market conditions were challenging in Norway, while Sweden showed signs of improvement and Other Europe delivered strong results.
The Board proposes no dividend for 2025, in line with previous years.
Financial highlights
Q4 2025 net sales grew 1% to SEK 1,791 million, with organic growth at -5%; EBITA decreased 11% to SEK 145 million, margin at 8.1%.
Full-year cash flow from operating activities was SEK 314 million, down from SEK 601 million in 2024; Q4 cash flow was SEK 206 million.
Basic and diluted EPS for 2025 were SEK 2.26, down from SEK 3.48; Q4 EPS was 0.89 SEK, down 18%.
Financial leverage increased to 3.0x proforma EBITDA, above the long-term target of 2.5x.
Order backlog at year-end was SEK 6,900 million, down 6% year-over-year, mainly due to Norway.
Outlook and guidance
Profitability initiatives in Sweden and cost reductions in Norway are expected to improve margins and cash flow in 2026.
Q1 2026 started with more normal winter conditions, expected to benefit profitability, especially in snow-related contracts.
Expansion in continental Europe remains a strategic focus, with recent acquisitions showing above-average margins.
M&A target for 2026 remains SEK 80–100 million in acquired EBITA, contingent on deleveraging and cash flow.
Financial targets remain: 10% annual sales growth, 8% EBITA margin, and net debt/EBITDA not to exceed 2.5x long term.
What specific actions will lower the 3.0x gearing ratio?
Detail Norway's profitability improvement plan.
How will share buybacks finance acquisitions?
Norway: Detail specific actions for 2026 turnaround
Cash flow: Detail Q1 working capital release plan
M&A: Impact of leverage on 2026 acquisition target?
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Next Green Landscaping Group earnings date
Q1 202629 Apr, 2026
Green Landscaping Group
Next Green Landscaping Group earnings date
Q1 202629 Apr, 2026
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Frequently asked questions
Green Landscaping Group AB provides maintenance and landscaping services for outdoor environments in Sweden. It offers various landscaping maintenance services and solutions, such as mowing and spraying, pruning of trees and hedges, care procedures for trees, fertilizing and feeding turf, snow and ice removal, raking leaves and debris, green area improvement, renovation of natural areas, sports fields renovation, and cultivation of different surfaces. The company was incorporated in 2008 and is based in Stockholm, Sweden.
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