Green Landscaping Group Second Quarter 2024 Earnings: Revenues Beat Expectations, EPS Lags

Green Landscaping Group (STO:GREEN) Second Quarter 2024 Results

Key Financial Results

• 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.
• EPS: kr1.04 (up from kr0.70 in 2Q 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Green Landscaping Group Revenues Beat Expectations, EPS Falls Short

Revenue exceeded analyst estimates by 5.0%. Earnings per share (EPS) missed analyst estimates by 11%.

Looking ahead, revenue is forecast to grow 5.7% p.a. on average during the next 3 years, compared to a 4.7% growth forecast for the Commercial Services industry in Sweden.

Performance of the Swedish Commercial Services industry.

The company's shares are down 5.7% from a week ago.

Balance Sheet Analysis

While earnings are important, another area to consider is the balance sheet. See our latest analysis on Green Landscaping Group's balance sheet health.

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