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Relais Group is an importer and wholesaler for the automotive industry. The group focuses mainly on the development of automotive electronic equipment for trucks. Examples of products that the company supplies include lighting products, applications for warning lights, camera systems, and other spare parts for heavy vehicles. The largest operations are found in the Nordic and Baltic markets, with customers in the aftermarket industry.
Ahead of Relais' Q3 results, we take a more cautious near-term view, given the changes in fuel prices in the Nordics and the ongoing organic ramp-up measures that could continue to affect profitability. We note changes in Norwegian diesel taxation and...
Relais announced today that Joonas Mäkipeska has been appointed as a new CFO, starting no later than February 2027. Current interim CFO Sebastian Seppänen continues as interim CFO until then and will thereafter remain a member of the group management...
Relais' Q2 print fell short of our estimates despite stronger-than-expected revenue growth. However, there were factors that we do not believe will have a long-term impact.
Relais' Q2 adjusted EBITA of EUR 8m fell 14% short of Modular Finance consensus despite a 2% top-line beat. Q2 organic growth of 4% came in ahead of our forecast, although higher credit loss allowances, organic growth investments and one-off relocation...
Relais Q2 adjusted EBITA of EUR 8m was up 6% y/y and came 14% below Modular Finance consensus of EUR 9.4m. There were EUR 0.6m higher credit loss provisions and if adjusting for these, Q2 EBITA missed by 8%. Organic sales growth was 4% y/y in Q2 (Nordea...
We estimate the company's revenue and earnings growth to have remained strong, reflecting the acquisitions made. We have made revisions to our estimates, reflecting the market situation, operational development, and acquisitions.
