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Green Landscaping: All stars aligned for 2021 - SEB

We feel increasingly confident that Green Landscaping will reach a new level in 2021, given prospects for both solid revenue growth and improved margins. Favourable weather will give a major tailwind y/y in Q1, while the mix shift towards more landscaping services is also positive for margins. Furthermore, the announced M&A during late 2020 implies double-digit revenue growth this year with further consolidation potential ahead, particularly in Norway.

We feel increasingly confident that Green Landscaping will reach a new level in 2021, given prospects for both solid revenue growth and improved margins. Favourable weather will give a major tailwind y/y in Q1, while the mix shift towards more landscaping services is also positive for margins. Furthermore, the announced M&A during late 2020 implies double-digit revenue growth this year with further consolidation potential ahead, particularly in Norway.
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