Green Landscaping Group (STO:GREEN) Third Quarter 2023 Results
Key Financial Results
- 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.
- EPS: kr0.84 (down from kr0.89 in 3Q 2022).
OM:GREEN Earnings and Revenue Growth November 18th 2023
All figures shown in the chart above are for the trailing 12 month (TTM) period
Green Landscaping Group Revenues and Earnings Beat Expectations
Revenue exceeded analyst estimates by 1.7%. Earnings per share (EPS) also surpassed analyst estimates by 25%.
Looking ahead, revenue is forecast to grow 2.0% p.a. on average during the next 3 years, compared to a 4.4% growth forecast for the Commercial Services industry in Sweden.
Performance of the Swedish Commercial Services industry.
The company’s share price is broadly unchanged from a week ago.
Be aware that Green Landscaping Group is showing 1 warning sign in our investment analysis that you should know about…
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