Green Landscaping Group (STO:GREEN) Second Quarter 2024 Results
Key financial results
- Sales: 1.67 billion crowns (an increase of 12% compared to Q2 2023).
- Net profit: SEK 59.0 million (an increase of 51% compared to Q2 2023).
- Profit margin: 3.5% (compared to 2.6% in Q2 2023). The increase in margin is due to higher sales.
- Earnings per share: 1.04 crowns (compared to 0.70 crowns in Q2 2023).
All figures shown in the graph above refer to the last 12 months (TTM)
Green Landscaping Group’s sales exceed expectations, earnings per share fall short of expectations
Sales exceeded analysts’ estimates by 5.0%. Earnings per share (EPS) missed analysts’ estimates by 11%.
An average sales growth of 5.7% per annum is expected for the next three years. In the Swedish service sector, however, growth of 4.7% is forecast.
Performance of the Swedish commercial services industry.
The company’s shares fell 5.7 percent compared to the previous week.
Balance sheet analysis
While earnings are important, another area to consider is the balance sheet. See our latest analysis of the balance sheet health of Green Landscaping Group.
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