Green Landscaping Group (GREEN) investor relations material

Executive summary

• Net sales rose 14% year-over-year in Q1 2026 to SEK 1,389 million, with 11% organic growth and stable performance in Sweden and Other Europe, but ongoing profitability challenges in Norway.

• Adjusted EBITA increased 29% to SEK 27 million, while reported EBITA fell 25% due to a prior-year SEK 19 million capital gain.

• Cash flow from operating activities was stable at SEK 137 million, with financial leverage rising to 3.1x.

• Acquisition of Finke Landschaft + Straße in Germany (EUR 12 million annual sales) and divestment of Svensk Jordelit AB were completed.

• Returned to organic growth across all segments, but Norway faced execution and market challenges.

Financial highlights

• Net sales for Q1 were SEK 1.4 billion; rolling 12 months at SEK 6.4 billion.

• EBITA margin for Q1 was 2.2% (down from 3.2% last year); rolling 12 months at 6.8%.

• Earnings per share in Q1 declined to SEK -0.36 from SEK -0.33 last year.

• Order backlog increased to SEK 7,741 million, higher year-over-year across all regions.

• Operating cash flow for Q1 was SEK 137 million; free cash flow was SEK -15 million.

Outlook and guidance

• Focus remains on improving profitability in Norway and maintaining stable performance in Sweden and Other Europe.

• Activity levels expected to increase with the summer season and continued expansion in continental Europe.

• No dividend proposed for fiscal year 2025/2024, in line with previous years.