New Risk • Jul 20
New major risk - Financial position The company's interest payments are not well covered by earnings. Net interest cover: 2.5x This is considered a major risk. If the company is unable to fund interest repayments on its debt through profits, it may be forced into reducing its debt burden through selling assets, undertaking a potentially costly capital raising or even into bankruptcy in the worst case scenario. Currently, the following risks have been identified for the company: Major Risk Interest payments are not well covered by earnings (2.5x net interest cover). Minor Risk Share price has been volatile over the past 3 months (11% average weekly change). Reported Earnings • Jul 19
Second quarter 2026 earnings released: EPS: kr1.29 (vs kr1.15 in 2Q 2025) Second quarter 2026 results: EPS: kr1.29 (up from kr1.15 in 2Q 2025). Revenue: kr1.87b (up 16% from 2Q 2025). Net income: kr73.0m (up 12% from 2Q 2025). Profit margin: 3.9% (down from 4.0% in 2Q 2025). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 3.5% p.a. on average during the next 3 years, compared to a 4.2% growth forecast for the Commercial Services industry in Germany. Over the last 3 years on average, earnings per share has fallen by 19% per year but the company’s share price has fallen by 29% per year, which means it is performing significantly worse than earnings. Announcement • Jul 17
Green Landscaping Group AB (publ) Announces CEO Changes Green Landscaping Group AB (publ) announced that the Board of Directors and Johan Nordström agreed that Johan Nordström, after 11 years as CEO, would leave his position in connection with the publication of the report for the second quarter on July 17, 2026. Clein Johansson Ullenvik, a member of the Board since May 2026, would at the same time assume the role of acting CEO. Clein Johansson Ullenvik is a senior and highly regarded leader with extensive experience from similar business models and operational environments, as well as of the capital market, gained in part through his most recent position as Group CEO of Alligo. Johan Nordström will remain available to the company during his twelve-month notice period. Recent Insider Transactions • May 31
Director recently bought €2.2m worth of stock On the 28th of May, Staffan Salen bought around 761k shares on-market at roughly €2.92 per share. This transaction increased Staffan's direct individual holding by 2x at the time of the trade. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought €2.3m more in shares than they have sold in the last 12 months. Board Change • May 20
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 4 non-independent directors. Independent Director Bjorn Jansson was the last independent director to join the board, commencing their role in 2024. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Announcement • Jan 21
Green Landscaping Group AB (publ) (OM:GREEN) acquired Finke Landschaft + Straße GmbH from Andreas Finke. Green Landscaping Group AB (publ) (OM:GREEN) acquired Finke Landschaft + Straße GmbH from Andreas Finke on January 20, 2026. The acquisition is financed with cash and through a transfer of 12,669 shares in Green Landscaping Group AB. After the transfer, Green Landscaping Group AB holds 340,600 own shares. As part of the acquisition, Andreas Finke is now a shareholder in Green Landscaping Group AB. Finke Landschaft + Straße has just under 40 employees and generated sales of approximately €12 million in 2025.
Green Landscaping Group AB (publ) (OM:GREEN) completed the acquisition of Finke Landschaft + Straße GmbH from Andreas Finke on January 20, 2026. Announcement • Jan 15
Green Landscaping Group AB (publ) to Report Fiscal Year 2025 Results on Jan 28, 2026 Green Landscaping Group AB (publ) announced that they will report fiscal year 2025 results at 11:00 AM, Central European Standard Time on Jan 28, 2026 Announcement • Dec 31
Green Landscaping Group AB (publ) (OM:GREEN) completed the acquisition of UAB Economus. Green Landscaping Group AB (publ) (OM:GREEN) signed an agreement to acquire UAB Economus on October 31, 2025. A cash consideration will be paid by Green Landscaping Group AB (publ). As part of consideration, an undisclosed value is paid towards common equity of UAB Economus.
UAB Economus has sales of approximately €3.4 million.
The transaction is subject to relevant approvals. The expected completion of the transaction is by the fourth quarter of 2025.
Džiuginta Balciune of Widen acted as legal advisor for UAB Economus shareholders. Algirdas Pekšys and Raminta Karlonaite-Durnan of Sorainen Lithuania acted as legal advisor for Green Landscaping Group AB.
Green Landscaping Group AB (publ) (OM:GREEN) completed the acquisition of UAB Economus on December 30, 2025. The relevant authorities in Lithuania approved the transaction. Announcement • Nov 11
Green Landscaping Group AB (publ), Annual General Meeting, May 07, 2026 Green Landscaping Group AB (publ), Annual General Meeting, May 07, 2026. Announcement • Apr 02
Green Landscaping Group AB (publ), Annual General Meeting, May 09, 2025 Green Landscaping Group AB (publ), Annual General Meeting, May 09, 2025, at 10:00 W. Europe Standard Time. Location: at cirio advokatbyra, biblioteksgatan 9, stockholm Sweden Recent Insider Transactions • Nov 04
Insider recently sold €56k worth of stock On the 28th of October, Pierre Kubalski sold around 8k shares on-market at roughly €6.89 per share. This transaction amounted to 3.8% of their direct individual holding at the time of the trade. In the last 3 months, there was an even bigger sale from another insider worth €123k. Insiders have been net sellers, collectively disposing of €1.4m more than they bought in the last 12 months. New Risk • Oct 27
New major risk - Financial position The company's debt is not well covered by operating cash flow. Operating cash flow to total debt ratio: 19% This is considered a major risk. If the company's operating cash flows are too small relative to the size of their debt, it increases their balance sheet risk. The company has less cash from operations to cover its expenses from servicing large debt and it increases the risk of liquidity issues. It also extends the time it would take for the company to pay back the debt in full, meaning it may not be able to easily pay it all off in a distress scenario. This is currently the only risk that has been identified for the company. Reported Earnings • Oct 26
Third quarter 2024 earnings released: EPS: kr0.96 (vs kr0.85 in 3Q 2023) Third quarter 2024 results: EPS: kr0.96 (up from kr0.85 in 3Q 2023). Revenue: kr1.55b (up 8.5% from 3Q 2023). Net income: kr54.0m (up 13% from 3Q 2023). Profit margin: 3.5% (up from 3.4% in 3Q 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 6.2% p.a. on average during the next 3 years, compared to a 5.0% growth forecast for the Commercial Services industry in Germany. Over the last 3 years on average, earnings per share has increased by 27% per year but the company’s share price has fallen by 6% per year, which means it is significantly lagging earnings. Announcement • Oct 03
Green Landscaping Group AB (Publ) Announces Executive Changes Green Landscaping Group has changed the Group management team to safeguard a continued successful journey. The following changes to the Group management team will take effect. Jakob Körner, currently Head of M&A and member of the Group management team, has been appointed Vice President and Chief Operating Officer (COO), and member of the Group management team. Jakob Körner has held several leading positions since he joined Green Landscaping Group in 2012. Marcus Holmström will assume the position of member of the Group management team on 17 December at the latest, as communicated earlier. Daniel Linderståhl, currently Regional Manager Sweden, has been appointed Head of Lean and member of the Group management team. Daniel Linderståhl joined Green Landscaping Group in 2019 in conjunction with the acquisition of Svensk Markservice, where he held leading positions over many years. Daniel Linderståhl replaces Pierre Kubalski, who will transition from his current position as Head of Lean and member of the Group management team, to assume the role of Regional Manager Baltics and Eastern Europe. Sam Monsén, currently a member of the Group’s M&A team, has been appointed Head of M&A and member of the Group management team. Sam Monsén joined Green Landscaping Group in 2022, with prior experience from a variety of M&A roles. Recent Insider Transactions • Aug 30
Head of M&A recently sold €123k worth of stock On the 27th of August, Jakob Korner sold around 17k shares on-market at roughly €7.23 per share. This transaction amounted to 7.1% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of €1.3m more than they bought in the last 12 months. Valuation Update With 7 Day Price Move • Aug 30
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to €6.46, the stock trades at a forward P/E ratio of 16x. Average forward P/E is 12x in the Commercial Services industry in Germany. Total loss to shareholders of 31% over the past three years. New Risk • Aug 26
New major risk - Financial position The company's debt is not well covered by operating cash flow. Operating cash flow to total debt ratio: 14% This is considered a major risk. If the company's operating cash flows are too small relative to the size of their debt, it increases their balance sheet risk. The company has less cash from operations to cover its expenses from servicing large debt and it increases the risk of liquidity issues. It also extends the time it would take for the company to pay back the debt in full, meaning it may not be able to easily pay it all off in a distress scenario. This is currently the only risk that has been identified for the company. Reported Earnings • Aug 25
Second quarter 2024 earnings released: EPS: kr1.04 (vs kr0.70 in 2Q 2023) Second quarter 2024 results: EPS: kr1.04 (up from kr0.70 in 2Q 2023). Revenue: kr1.67b (up 12% from 2Q 2023). Net income: kr59.0m (up 51% from 2Q 2023). Profit margin: 3.5% (up from 2.6% in 2Q 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 5.7% p.a. on average during the next 3 years, compared to a 5.2% growth forecast for the Commercial Services industry in Germany. Over the last 3 years on average, earnings per share has increased by 31% per year but the company’s share price has fallen by 8% per year, which means it is significantly lagging earnings. Announcement • Jul 12
Green Landscaping Group AB (publ) (OM:GREEN) completed the acquisition of A Markussen As. Green Landscaping Group AB (publ) (OM:GREEN) signed an agreement to acquire A Markussen As on June 20, 2024. A. Markussen AS with sales of approximately NOK 130 million. Green Landscaping Group acquires 100 percent of the shares in A. Markussen AS The transaction is financed with cash and through transfer of shares, subject to relevant regulatory approvals and expected to close during the third quarter.Green Landscaping Group AB (publ) (OM:GREEN) completed the acquisition of A Markussen As on July 11, 2024. Green Landscaping Group acquires 100 percent of the shares in A. Markussen AS with consolidation as of 1 July 2024. The previous owners of A. Markussen AS are now shareholders in Green Landscaping Group AB. The Competition Authority in Norway has given its approval. Announcement • Jun 19
Green Landscaping Group AB (Publ) Appoints Marcus Holmström as New CFO on December 17, 2024 Green Landscaping Group AB (publ) announced that Marcus Holmström has been appointed new CFO at Green Landscaping Group and will take on his new role on December 17, 2024. He comes most recently from a role as Head of Corporate Control & Investor Relations at AFRY. Marcus has a broad experience and with his strong drive he will play an important role in continued development. Recent Insider Transactions • May 17
Chief Executive Officer recently sold €900k worth of stock On the 14th of May, Johan Nordstrom sold around 130k shares on-market at roughly €6.92 per share. This transaction amounted to 3.5% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. This was Johan's only on-market trade for the last 12 months. Announcement • May 09
Green Landscaping Group AB (Publ) Announces Resignation of Carl-Fredrik Meijer as CFO Green Landscaping Group AB (publ) announced that Carl-Fredrik Meijer, CFO, has decided to leave Green Landscaping Group to assume a position outside the Group. He will assume his new position in the autumn of 2024 at the latest. The process of appointing a successor has been initiated. Carl-Fredrik Meijer has worked in Green Landscaping Group since 2013. Reported Earnings • Apr 25
First quarter 2024 earnings released: EPS: kr0.40 (vs kr0.63 in 1Q 2023) First quarter 2024 results: EPS: kr0.40 (down from kr0.63 in 1Q 2023). Revenue: kr1.40b (up 12% from 1Q 2023). Net income: kr22.0m (down 37% from 1Q 2023). Profit margin: 1.6% (down from 2.8% in 1Q 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 3.5% p.a. on average during the next 3 years, compared to a 5.0% growth forecast for the Commercial Services industry in Germany. Reported Earnings • Mar 30
Full year 2023 earnings released: EPS: kr3.85 (vs kr3.42 in FY 2022) Full year 2023 results: EPS: kr3.85 (up from kr3.42 in FY 2022). Revenue: kr5.83b (up 21% from FY 2022). Net income: kr216.0m (up 17% from FY 2022). Profit margin: 3.7% (down from 3.8% in FY 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 3.0% p.a. on average during the next 3 years, compared to a 5.4% growth forecast for the Commercial Services industry in Germany. Recent Insider Transactions • Feb 16
Independent Chairman of the Board recently sold €798k worth of stock On the 9th of February, Per Sjostrand sold around 137k shares on-market at roughly €5.82 per share. This transaction amounted to 15% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. This was Per's only on-market trade for the last 12 months. New Risk • Feb 11
New minor risk - Financial position The company has a high level of debt. Net debt to equity ratio: 94% This is considered a minor risk. Having a high level of debt increases the company's balance sheet risk. The company has a higher interest repayment burden, leading to the need to allocate a greater amount of its earnings towards servicing the debt, potentially limiting growth options or shareholder distributions. It can also increase the risk of bankruptcy if business conditions deteriorate enough that the company can no longer meet its debt obligations. Currently, the following risks have been identified for the company: Minor Risks High level of debt (94% net debt to equity). Shareholders have been diluted in the past year (2.5% increase in shares outstanding). Reported Earnings • Feb 08
Full year 2023 earnings released: EPS: kr3.85 (vs kr3.42 in FY 2022) Full year 2023 results: EPS: kr3.85 (up from kr3.42 in FY 2022). Revenue: kr5.89b (up 22% from FY 2022). Net income: kr216.0m (up 17% from FY 2022). Profit margin: 3.7% (down from 3.8% in FY 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 1.9% p.a. on average during the next 2 years, compared to a 5.0% growth forecast for the Commercial Services industry in Germany. Announcement • Feb 08
Green Landscaping Group AB (publ) to Report Fiscal Year 2024 Results on Jan 30, 2025 Green Landscaping Group AB (publ) announced that they will report fiscal year 2024 results at 7:00 AM, Central European Standard Time on Jan 30, 2025 Recent Insider Transactions • Dec 11
Independent Director recently bought €545k worth of stock On the 6th of December, Staffan Salen bought around 100k shares on-market at roughly €5.45 per share. This trade did not impact their existing holding. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought €553k more in shares than they have sold in the last 12 months. Announcement • Dec 03
Green Landscaping Group AB (Publ) Announces Nomination Committee Green Landscaping Group AB (publ) announced the Nomination Committee for the 2024 Annual General Meeting consists of: Erik Salén (appointed by the Salén family through companies), Tomas Bergström (appointed by Byggmästare Anders J Ahlström Holding AB), Anders Thomasson (appointed by Johan Nordström through company), Per Sjöstrand (Chairman of the Board). Announcement • Dec 02
Green Landscaping Group AB (publ), Annual General Meeting, Apr 25, 2024 Green Landscaping Group AB (publ), Annual General Meeting, Apr 25, 2024. Location: Stockholm Stockholm Stockholm County Sweden New Risk • Nov 19
New minor risk - Financial position The company has a high level of debt. Net debt to equity ratio: 98% This is considered a minor risk. Having a high level of debt increases the company's balance sheet risk. The company has a higher interest repayment burden, leading to the need to allocate a greater amount of its earnings towards servicing the debt, potentially limiting growth options or shareholder distributions. It can also increase the risk of bankruptcy if business conditions deteriorate enough that the company can no longer meet its debt obligations. Currently, the following risks have been identified for the company: Minor Risks High level of debt (98% net debt to equity). Shareholders have been diluted in the past year (2.8% increase in shares outstanding). Reported Earnings • Nov 17
Third quarter 2023 earnings released: EPS: kr0.84 (vs kr0.89 in 3Q 2022) Third quarter 2023 results: EPS: kr0.84 (down from kr0.89 in 3Q 2022). Revenue: kr1.44b (up 23% from 3Q 2022). Net income: kr48.0m (flat on 3Q 2022). Profit margin: 3.3% (down from 4.1% in 3Q 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 2.9% p.a. on average during the next 3 years, compared to a 5.0% growth forecast for the Commercial Services industry in Germany. Announcement • Oct 25
Green Landscaping Group AB (publ) (OM:GREEN) acquired Rainer Gartengestaltung Und Landschaftsbau Gmbh. Green Landscaping Group AB (publ) (OM:GREEN) acquired Rainer Gartengestaltung Und Landschaftsbau Gmbh on October 24, 2023. The acquisition is financed with cash and through a non-cash issue of shares in Green Landscaping Group. Green Landscaping Group will issue 110 517 shares to seller of Rainer Gartengestaltung & Landschaftsbau. Rainer Gartengestaltung has reported net sales of approximately €3 million in 2022. Matthias Rainer and his employees will join Green Landscaping Group.
Green Landscaping Group AB (publ) (OM:GREEN) completed the acquisition of Rainer Gartengestaltung Und Landschaftsbau Gmbh on October 24, 2023. New Risk • Aug 27
New minor risk - Financial position The company has a high level of debt. Net debt to equity ratio: 97% This is considered a minor risk. Having a high level of debt increases the company's balance sheet risk. The company has a higher interest repayment burden, leading to the need to allocate a greater amount of its earnings towards servicing the debt, potentially limiting growth options or shareholder distributions. It can also increase the risk of bankruptcy if business conditions deteriorate enough that the company can no longer meet its debt obligations. Currently, the following risks have been identified for the company: Minor Risks High level of debt (97% net debt to equity). Shareholders have been diluted in the past year (4.8% increase in shares outstanding). Announcement • Jun 14
Green Landscaping Group AB (publ) (OM:GREEN) acquired Schmitt & Scalzo Gmbh Garten- Und Landschaftsbau. Green Landscaping Group AB (publ) (OM:GREEN) agreed to acquire Schmitt & Scalzo Gmbh Garten- Und Landschaftsbau for €3.8 million on May 17, 2023. The acquisition is financed within existing credit facilities and through a non-cash issue of shares in Green Landscaping Group. The board of Green Landscaping has approved issue of 612,558 shares in Green Landscaping to sellers of Schmitt & Scalzo. Schmitt & Scalzo has reported sales of approximately €13 million in 2022.
Green Landscaping Group AB (publ) (OM:GREEN) completed the acquisition of Schmitt & Scalzo Gmbh Garten- Und Landschaftsbau on June 13, 2023. Board Change • Jun 01
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 4 experienced directors. 1 highly experienced director. Independent Director Tomas Bergstrom was the last director to join the board, commencing their role in 2020. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Feb 17
Full year 2022 earnings released: EPS: kr3.41 (vs kr1.84 in FY 2021) Full year 2022 results: EPS: kr3.41 (up from kr1.84 in FY 2021). Revenue: kr4.85b (up 54% from FY 2021). Net income: kr184.0m (up 100% from FY 2021). Profit margin: 3.8% (up from 2.9% in FY 2021). The increase in margin was driven by higher revenue. Revenue is forecast to grow 6.8% p.a. on average during the next 3 years, compared to a 6.1% growth forecast for the Commercial Services industry in Germany. Valuation Update With 7 Day Price Move • Dec 02
Investor sentiment improved over the past week After last week's 18% share price gain to €5.83, the stock trades at a forward P/E ratio of 15x. Average forward P/E is 14x in the Commercial Services industry in Germany. Total loss to shareholders of 35% over the past year. Announcement • Dec 02
Green Landscaping Group AB (publ) (OM:GREEN) acquired 70% stake in H. T. Vike As from H.T. Vike. Green Landscaping Group AB (publ) (OM:GREEN) acquired 70% stake in H. T. Vike As from H.T. Vike on November 30, 2022. The acquisition is done with immediate access to H.T. Vike As and with a purchase option for the remaining 30 percent. The acquisition is financed within existing credit facilities and through a non-cash issue of newly issued shares. Hans Tormod Vike invests in connection with the transaction in Green Landscaping Group and is as of today a shareholder in both H.T. Vike and Green Landscaping Group.
Green Landscaping Group AB (publ) (OM:GREEN) completed the acquisition of 70% stake in H. T. Vike As from H.T. Vike on November 30, 2022. Reported Earnings • Nov 18
Third quarter 2022 earnings released: EPS: kr0.89 (vs kr0.58 in 3Q 2021) Third quarter 2022 results: EPS: kr0.89 (up from kr0.58 in 3Q 2021). Revenue: kr1.18b (up 54% from 3Q 2021). Net income: kr48.0m (up 60% from 3Q 2021). Profit margin: 4.1% (up from 3.9% in 3Q 2021). The increase in margin was driven by higher revenue. Revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 5.8% growth forecast for the Commercial Services industry in Germany. Announcement • Oct 22
Green Landscaping Group AB (publ) (OM:GREEN) acquired H & K Sandnes As from Rune and Kåre Sandnes, Halvard Eikås and Klas Öyen. Green Landscaping Group AB (publ) (OM:GREEN) signed an agreement to acquire H & K Sandnes As from Rune and Kåre Sandnes, Halvard Eikås and Klas Öyen on October 07, 2022. The acquisition is financed within existing credit facilities and through a non-cash issue of own shares. Annual General Meeting held on 14 May 2022, decided to issue 305 666 shares in Green Landscaping Group, aimed at the sellers of H&K Sandnes AS. The transaction also includes a majority ownership in the subsidiary of H & K Sandnes As, No Dig Vestfold AS. H&K Sandnes AS with a turnover of approximately NOK 140 million. The transaction is subject to approval from the Competition Authority and is expected to close during 2022. On 13 October, 2022, approval was received from the Competition Authority in Norway.
Green Landscaping Group AB (publ) (OM:GREEN) completed the acquisition of H & K Sandnes As from Rune and Kåre Sandnes, Halvard Eikås and Klas Öyen on October 21, 2022. The previous owners of H&K Sandnes AS are now shareholders in Green Landscaping Group AB. Valuation Update With 7 Day Price Move • Oct 10
Investor sentiment improved over the past week After last week's 16% share price gain to €5.88, the stock trades at a forward P/E ratio of 18x. Average forward P/E is 11x in the Commercial Services industry in Germany. Total loss to shareholders of 21% over the past year. Announcement • Oct 08
Green Landscaping Group AB (publ) (OM:GREEN) signed an agreement to acquire H & K Sandnes As. Green Landscaping Group AB (publ) (OM:GREEN) signed an agreement to acquire H & K Sandnes As on October 07, 2022. The transaction also includes a majority ownership in the subsidiary of H & K Sandnes As, No Dig Vestfold AS. The transaction is subject to approval from the Competition Authority and is expected to close during 2022. Announcement • Sep 20
Green Landscaping Group AB (publ) (OM:GREEN) acquired SOREX Entreprenad AB. Green Landscaping Group AB (publ) (OM:GREEN) acquired SOREX Entreprenad AB on September 19, 2022. The acquisition is financed within existing credit facilities and through the transfer of repurchased shares. Martin Sörman, founder and managing director of SOREX, will continue to retain his position. The previous owner of SOREX Entreprenad AB is now shareholder in Green Landscaping Group AB.
Green Landscaping Group AB (publ) (OM:GREEN) completed the acquisition of SOREX Entreprenad AB on September 19, 2022. Announcement • Sep 07
Green Landscaping Group AB (publ) (OM:GREEN) acquired Braathen Landskapsentreprenør AS. Green Landscaping Group AB (publ) (OM:GREEN) signed an agreement to acquire Braathen Landskapsentreprenør AS on August 23, 2022. Braathen Landskapsentreprenør has turnover of approximately NOK 300 million. In connection with the acquisition, Einar Braathen, Tom Borthen and Aslak Østvaag will reinvest in Green Landscaping Group. The transaction is subject to the Competition Authority's approval and is expected to be completed during the third quarter.
Green Landscaping Group AB (publ) (OM:GREEN) completed the acquisition of Braathen Landskapsentreprenør AS on September 6, 2022. On August 31, 2022, approval was received from the Competition Authority in Norway. The previous owners of Braathen Landskapsentreprenør AS are now shareholders in Green Landscaping Group AB. Announcement • Aug 24
Green Landscaping Group AB (publ) (OM:GREEN) signed an agreement to acquire Braathen Landskapsentreprenør AS. Green Landscaping Group AB (publ) (OM:GREEN) signed an agreement to acquire Braathen Landskapsentreprenør AS on August 23, 2022. Braathen Landskapsentreprenør has turnover of approximately NOK 300 million. In connection with the acquisition, Einar Braathen, Tom Borthen and Aslak Østvaag will reinvest in Green Landscaping Group. The transaction is subject to the Competition Authority's approval and is expected to be completed during the third quarter. Reported Earnings • Aug 20
Second quarter 2022 earnings released: EPS: kr0.81 (vs kr0.76 in 2Q 2021) Second quarter 2022 results: EPS: kr0.81 (up from kr0.76 in 2Q 2021). Revenue: kr1.14b (up 48% from 2Q 2021). Net income: kr43.0m (up 18% from 2Q 2021). Profit margin: 3.8% (down from 4.7% in 2Q 2021). The decrease in margin was driven by higher expenses. Over the next year, revenue is forecast to grow 18%, compared to a 4.7% growth forecast for the Commercial Services industry in Germany. Valuation Update With 7 Day Price Move • Jun 18
Investor sentiment deteriorated over the past week After last week's 17% share price decline to €5.56, the stock trades at a forward P/E ratio of 18x. Average forward P/E is 12x in the Commercial Services industry in Germany. Total loss to shareholders of 36% over the past year. Announcement • Jun 18
Green Landscaping Group AB (publ) to Report Fiscal Year 2022 Results on Feb 15, 2023 Green Landscaping Group AB (publ) announced that they will report fiscal year 2022 results at 7:00 AM, Central European Standard Time on Feb 15, 2023 Buying Opportunity • May 26
Now 20% undervalued after recent price drop Over the last 90 days, the stock is down 5.4%. The fair value is estimated to be €8.35, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 26% over the last 3 years. Meanwhile, the company has become profitable. Revenue is forecast to grow by 37% in 2 years. Earnings is forecast to grow by 88% in the next 2 years. Reported Earnings • May 06
First quarter 2022 earnings released: EPS: kr0.27 (vs kr0.14 loss in 1Q 2021) First quarter 2022 results: EPS: kr0.27 (up from kr0.14 loss in 1Q 2021). Revenue: kr886.0m (up 33% from 1Q 2021). Net income: kr14.0m (up kr20.6m from 1Q 2021). Profit margin: 1.6% (up from net loss in 1Q 2021). The move to profitability was driven by higher revenue. Over the next year, revenue is forecast to grow 29%, compared to a 14% growth forecast for the industry in Germany. Announcement • May 04
Green Landscaping Group AB (publ) (OM:GREEN) completed the acquisition of Aktiv Veidrift AS. Green Landscaping Group AB (publ) (OM:GREEN) signed an agreement to acquire Aktiv Veidrift Utleie AS and Aktiv Veidrift AS on April 8, 2022. Post deal completion, Jan Lervik and others shall reinvestment in Green Landscaping Group. In 2021, the Aktiv companies reported a total revenues of NOK 240 million. The transaction is subject to the Competition Authority's approval in Norway and is expected to be completed during the first half of 2022. Lars Gunnar Aas of Advokatfirmaet CLP acted legal advisor to shareholders of Aktiv Veidrift AS and Aktiv Veidrift Utleie AS.
Green Landscaping Group AB (publ) (OM:GREEN) completed the acquisition of Aktiv Veidrift AS on May 3, 2022. The approval was received from the Competition Authority in Norway on April 21, 2022. Reported Earnings • Apr 17
Full year 2021 earnings released: EPS: kr1.84 (vs kr0.90 in FY 2020) Full year 2021 results: EPS: kr1.84 (up from kr0.90 in FY 2020). Revenue: kr3.14b (up 49% from FY 2020). Net income: kr91.8m (up 145% from FY 2020). Profit margin: 2.9% (up from 1.8% in FY 2020). The increase in margin was driven by higher revenue. Over the next year, revenue is forecast to grow 28%, compared to a 23% growth forecast for the industry in Germany. Announcement • Apr 10
Green Landscaping Group AB (publ) (OM:GREEN) signed an agreement to acquire Aktiv Veidrift Utleie AS and Aktiv Veidrift AS. Green Landscaping Group AB (publ) (OM:GREEN) signed an agreement to acquire Aktiv Veidrift Utleie AS and Aktiv Veidrift AS on April 8, 2022. Post deal completion, Jan Lervik and others shall reinvestment in Green Landscaping Group. In 2021, the Aktiv companies reported a total revenues of NOK 240 million. The transaction is subject to the Competition Authority's approval in Norway and is expected to be completed during the first half of 2022. Lars Gunnar Aas of Advokatfirmaet CLP acted legal advisor to shareholders of Aktiv Veidrift AS and Aktiv Veidrift Utleie AS. Valuation Update With 7 Day Price Move • Mar 18
Investor sentiment improved over the past week After last week's 15% share price gain to €8.38, the stock trades at a forward P/E ratio of 30x. Average forward P/E is 15x in the Commercial Services industry in Europe. Recent Insider Transactions • Mar 12
Independent Chairman of the Board recently sold €712k worth of stock On the 9th of March, Per Sjostrand sold around 100k shares on-market at roughly €7.12 per share. This was the largest sale by an insider in the last 3 months. Per has been a seller over the last 12 months, reducing personal holdings by €2.2m. Reported Earnings • Feb 17
Full year 2021 earnings: EPS in line with analyst expectations despite revenue beat Full year 2021 results: EPS: kr1.84 (up from kr0.90 in FY 2020). Revenue: kr3.18b (up 51% from FY 2020). Net income: kr91.8m (up 145% from FY 2020). Profit margin: 2.9% (up from 1.8% in FY 2020). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 2.6%. Over the next year, revenue is forecast to grow 24%, compared to a 23% growth forecast for the industry in Germany. Announcement • Feb 17
Green Landscaping Group AB (publ) (OM:GREEN) acquired Hallandsåsens Utemiljö Ab from the family. Green Landscaping Group AB (publ) (OM:GREEN) acquired Hallandsåsens Utemiljö Ab from the family on February 15, 2022. The previous owner of Hallandsåsens Utemiljö will become a shareholder in Green Landscaping Group AB. The acquisition is financed with own funds.
Green Landscaping Group AB (publ) (OM:GREEN) completed the acquisition of Hallandsåsens Utemiljö Ab from the family on February 15, 2022. Announcement • Feb 09
Green Landscaping Group AB (publ), Annual General Meeting, May 19, 2022 Green Landscaping Group AB (publ), Annual General Meeting, May 19, 2022. Announcement • Jan 27
Green Landscaping Group AB (publ) (OM:GREEN) acquired Rainset Oy. Green Landscaping Group AB (publ) (OM:GREEN) acquired Rainset Oy on January 26, 2022. The part of the consideration will be satisfied with issuance of 0.046545 shares in Green landscaping group. The acquisition is financed within existing credit facilities and through a non-cash issue of own shares. Rainset Oy reported annual revenues of €4 million.
Green Landscaping Group AB (publ) (OM:GREEN) completed the acquisition of Rainset Oy on January 26, 2022. Announcement • Jan 18
Green Landscaping Group AB (publ) (OM:GREEN) completed the acquisition of Markbygg AnlÄGgning VÄSt Ab from Stefan Lundh. Green Landscaping Group AB (publ) (OM:GREEN) entered into an agreement to acquire Markbygg AnlÄGgning VÄSt Ab from Stefan Lundh on December 2, 2021. The acquisition is financed with existing credit facilities and through a non-cash issue of newly issued shares. Markbygg AnlÄGgning VÄSt Ab has 60 employees. The transaction is subject to the Swedish Competition Authority's approval and is expected to be completed during the first quarter of 2022.
Green Landscaping Group AB (publ) (OM:GREEN) completed the acquisition of Markbygg AnlÄGgning VÄSt Ab from Stefan Lundh on January 17, 2021. The consideration included issue of 0.44 million shares by Green Landscaping Group AB. The remaining consideration was financed through existing credit facilities. The previous owner of Markbygg Anläggning Väst AB, Stefan Lundh is now shareholder in Green Landscaping Group. As on December 21, 2021 the Swedish Competition Authority's approval was obtained. Announcement • Jan 06
Green Landscaping Group AB (publ)(OM:GREEN) dropped from OMX Nordic Small Cap Index "Green Landscaping Group AB (publ) has been removed from OMX Nordic Small Cap Index Announcement • Dec 16
Green Landscaping Group AB (publ) (OM:GREEN) acquired Viherpojat Oy. Green Landscaping Group AB (publ) (OM:GREEN) acquired Viherpojat Oy on December 16, 2021. Green Landscaping issued 74,918 shares to the sellers of Viherpojat Oy. The acquisition is financed within existing credit facilities and through a non-cash issue of own shares. The Viherpojat has sales for the year ended December 31, 2020 was approximately EUR 4 million. Viherpojat has 25 employees. The previous owner of Viherpojat Oy is now shareholder in Green Landscaping Group AB (publ).
Green Landscaping Group AB (publ) (OM:GREEN) completed the acquisition of Viherpojat Oy on December 16, 2021. Announcement • Nov 27
Green Landscaping Group AB (publ) (OM:GREEN) acquired Hakonsen Og Sukke Landskapsentreprenor As. Green Landscaping Group AB (publ) (OM:GREEN) acquired Hakonsen Og Sukke Landskapsentreprenor As on November 25, 2021. The management of the company Hakonsen Og Sukke through Roar Håkonsen, Brede Sukke and Tommy Lier will continue to run the company and all employees are now part of Green Landscaping. The acquisition is financed within existing credit facilities and through a non-cash issue of own shares. The Board has therefore, within the scope of the authorization from the Annual General Meeting on 14 May 2021, decided on the issue of 331,201 shares in Green Landscaping Group, aimed at the sellers of Håkonsen and Sukke. This corresponds to a dilution of 0.64% of the share capital and votes in the Green Landscaping Group. The total number of shares in Green Landscaping Group after the issue has been 52,477,196 shares. Håkonsen og Sukke Landskapsentreprenør AS with a turnover of approximately NOK 170 million. The previous owners of Håkonsen og Sukke are now shareholders in Green Landscaping Group (publ).
Green Landscaping Group AB (publ) (OM:GREEN) completed the acquisition of Hakonsen Og Sukke Landskapsentreprenor As on November 25, 2021. Recent Insider Transactions • Nov 19
CEO & Executive Director recently bought €503k worth of stock On the 12th of November, Johan Nordstrom bought around 53k shares on-market at roughly €9.49 per share. This was the largest purchase by an insider in the last 3 months. Reported Earnings • Nov 12
Third quarter 2021 earnings released: EPS kr0.58 (vs kr0.41 in 3Q 2020) The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: kr761.2m (up 39% from 3Q 2020). Net income: kr30.0m (up 57% from 3Q 2020). Profit margin: 3.9% (up from 3.5% in 3Q 2020). The increase in margin was driven by higher revenue. Recent Insider Transactions • Oct 09
Director recently sold €70k worth of stock On the 7th of October, Staffan Salen sold around 9k shares on-market at roughly €7.89 per share. In the last 3 months, there was an even bigger sale from another insider worth €1.5m. Insiders have been net sellers, collectively disposing of €2.6m more than they bought in the last 12 months. Reported Earnings • Aug 28
Second quarter 2021 earnings released: EPS kr0.76 (vs kr0.82 in 2Q 2020) The company reported a solid second quarter result with improved earnings and revenues, although profit margins were weaker. Second quarter 2021 results: Revenue: kr794.4m (up 45% from 2Q 2020). Net income: kr36.4m (up 19% from 2Q 2020). Profit margin: 4.6% (down from 5.6% in 2Q 2020). The decrease in margin was driven by higher expenses. Valuation Update With 7 Day Price Move • Aug 27
Investor sentiment improved over the past week After last week's 15% share price gain to €10.00, the stock trades at a forward P/E ratio of 41x. Average forward P/E is 18x in the Commercial Services industry in Europe. Valuation Update With 7 Day Price Move • Jul 29
Investor sentiment improved over the past week After last week's 18% share price gain to kr9.00, the stock trades at a forward P/E ratio of 36x. Average forward P/E is 18x in the Commercial Services industry in Europe. 
