Green Landscaping Group Third Quarter 2022 Earnings: Revenues Beat Expectations, EPS Lags

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By On Nov 19, 2022

Green Landscaping Group (STO:GREEN) Third Quarter 2022 Results

Key financial results

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.
EPS: kr0.89 (up from kr0.58 in 3Q 2021).

OM:GREEN Earnings and Revenue Growth November 19th 2022

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 13%. Earnings per share (EPS) missed analyst estimates by 6.8%.

Looking ahead, revenue is forecast to grow 11% pa on average during the next 3 years, compared to a 6.2% growth forecast for the Commercial Services industry in Sweden.

Performance of the Swedish Commercial Services industry.

The company’s shares are down 2.0% from a week ago.

Risk Analysis

You should always think about risks. Case in point, we’ve spotted 1 warning sign for Green Landscaping Group you should be aware of.

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