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Green Landscaping: Grass is becoming greener - SEB

We expect a stable Q3 report from Green Landscaping. The consolidation journey continues and Green closed three acquisitions during the quarter. We forecast Q3 EBITA to increase 6% y/y, despite a slight EBITA margin decline of 0.6pp y/y. While we see overall stable market conditions q/q, we think market sentiment and tender activity is starting to improve, supporting a higher EBITA-margin y/y from Q4 and onwards.

We expect a stable Q3 report from Green Landscaping. The consolidation journey continues and Green closed three acquisitions during the quarter. We forecast Q3 EBITA to increase 6% y/y, despite a slight EBITA margin decline of 0.6pp y/y. While we see overall stable market conditions q/q, we think market sentiment and tender activity is starting to improve, supporting a higher EBITA-margin y/y from Q4 and onwards.
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