Green Landscaping Q4: Norway and Rest of Europe solid, but more to do in Sweden - SEB
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Green Landscaping Q4: Norway and Rest of Europe solid, but more to do in Sweden - SEB

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).

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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