Green Landscaping Group (GREEN) Q2 2026 earnings summary

Executive summary

• Net sales for Q2 2026 rose 15% year-over-year to SEK 1,847 million, with 6% organic growth and acquisitions contributing 8%.

• EBITA declined 10% to SEK 130 million, with the margin falling to 7.0% from 9.0% last year.

• Cash flow from operating activities improved to SEK -7 million from SEK -78 million in Q2 2025.

• CEO Johan Nordström stepped down after the reporting period; Clein Johansson Ullenvik appointed as interim CEO.

• Country-based organization implemented to enhance operational accountability.

Financial highlights

• Rolling twelve-month net sales reached SEK 6.6 billion, up 8% year-over-year.

• EBITA margin for Q2 was 7.0%; rolling twelve months at 6.3%.

• Basic and diluted EPS for Q2 was SEK 1.29, up from SEK 1.15 last year, aided by a SEK 27 million revaluation of future earnout liabilities.

• Order backlog increased to SEK 8,039 million, supporting long-term growth.

• Cash and equivalents at SEK 483 million; unutilized credit facilities at SEK 342 million.

Outlook and guidance

• Early signs of market recovery observed, but price pressure persists, especially in Norway and Sweden.

• Gradual improvement in profit margins expected in H2 2026 as market conditions stabilize and internal actions take effect.

• Cash generation and working capital management remain key priorities due to leverage above target.

• The pipeline for potential acquisitions remains robust, with financial position improvements expected to support increased acquisition activity.

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