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Green Landscaping Q3: Solid profitability despite a bit softer sales than expected - SEB

In Q3, Green Landscaping reported solid profitability despite coming in a tad light on sales vs our estimates. Organic sales growth was 3% y/y and adj. EBITA margin came in at 8.4%, which we find solid. Cash flow is strong in the quarter driven by lower receivables. At first glance, we expect minor revisions on the back of the report.

In Q3, Green Landscaping reported solid profitability despite coming in a tad light on sales vs our estimates. Organic sales growth was 3% y/y and adj. EBITA margin came in at 8.4%, which we find solid. Cash flow is strong in the quarter driven by lower receivables. At first glance, we expect minor revisions on the back of the report.
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