Bildkälla: Stockfoto

Green Landscaping: On path to break its 8% margin target - SEB

We expect a good finish to 2021 for Green Landscaping, given decent weather conditions and support from margin accretive acquisitions. With a total of six acquisitions since Q3, Green Landscaping’s Nordic expansion has continued at a high pace with SEK ~600m in acquired revenue, adding close to 20% to our 2022 group revenue forecast. We lift 2022-23E EBITA by 24-26% and derive new mid-point DCF value of SEK 100 (94) per share.

We expect a good finish to 2021 for Green Landscaping, given decent weather conditions and support from margin accretive acquisitions. With a total of six acquisitions since Q3, Green Landscaping’s Nordic expansion has continued at a high pace with SEK ~600m in acquired revenue, adding close to 20% to our 2022 group revenue forecast. We lift 2022-23E EBITA by 24-26% and derive new mid-point DCF value of SEK 100 (94) per share.
Börsvärldens nyhetsbrev
ANNONSER