07:53 / 9 juni 2023
Today ABG Sundal Collier sponsored research initiates coverage of Green Landscaping Group. Read the full report here!
Parks and accretion
Green Landscaping Group is a Nordic company that has established itself, primarily through M&A, as a leading player (~5% market share) in the fragmented and steadily growing market for the landscaping and maintenance of outdoor environments. Most of the customers are city councils and local municipalities (i.e. government-backed). The contracts are often small (SEK 0.5m-5m), but generally last for 3-5 years. The business is divided into three segments: Sweden (56% of sales in '22), Norway (38%) and Finland and Baltic (5%).
