Q3 2024 Green Landscaping Group AB (publ) Earnings Call Transcript

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Oct 25, 2024

Oct 25, 2024 / 06:30AM GMT
Johan Nordstroem - Green Landscaping Group AB(publ)-Chief Executive Officer

Good morning and welcome. Today, I am again joined by our Head of Relation Magnus and he will be covering the financial section of this presentation as our new CFO will join us later in the year as we have previously communicated, just a short introduction to re but there that the third quarter, from my perspective, it was yet another solid quarter. We delivered an organic growth of 3% and we are at 2% organic growth for the rolling '12 months. This is despite having faced market headwinds for more than a year.

Of course, during this time, our EBITA margin has remained above 8% which is our main focus. I am quite happy to see that we have a stable margin going on here. The cash flow in the quote very strong as we did have somewhat weakened cash flow in the first or delayed cash flow in the first and second quarter. As anticipated that resulted in a very strong cash flow performance in the third quarter.

We would like to welcome the three new companies joining our Gassy family and

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