In Q4, Green Landscaping reported mixed figures. Norway and Rest of Europe performed strong, while a continued slow market in Sweden and company specifics impacted group figures (including a credit loss). Cash flow was strong and the ND/EBITDA ratio improved sequentially from 2.7x in Q3 to 2.5x in Q4. At first glance, we expect single-digit downgrades to group figures based on Sweden, but we need to gain more info of the size of credit loss (call at 8.30 CET).
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