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Green Landscaping: Acquisitions driving earnings improvements - SEB

Following Q3, we have gained further confidence that synergies from Svenska Markservice, positive mix from recent M&A, and continuous improvements of the business are set to drive solid earnings growth into 2021 and narrow the gap to the 8% margin target. We make minor estimate changes and reiterate our DCF-based fair value range of SEK 38-51 per share.

Following Q3, we have gained further confidence that synergies from Svenska Markservice, positive mix from recent M&A, and continuous improvements of the business are set to drive solid earnings growth into 2021 and narrow the gap to the 8% margin target. We make minor estimate changes and reiterate our DCF-based fair value range of SEK 38-51 per share.
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