Relais Group

15.40 EUR

+1.65 %

3,842 following
Corporate customer

RELAIS

NASDAQ Helsinki

Automobiles

Consumer Goods & Services

+1.65 %
+5.48 %
-8.88 %
-7.78 %
-3.45 %
+6.57 %
+9.22 %
-6.95 %
+109.52 %

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.

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Market cap
285.83M EUR
Turnover
116.76K EUR
P/E (adj.) (26e)
11.49
EV/EBIT (adj.) (26e)
11.36
P/B (26e)
2.11
EV/S (26e)
1.19
Dividend yield-% (26e)
2.47 %
Coverage
Recommendation
Buy
Target price
18.00 EUR
Updated
2026-05-06
Disclaimer
Petri Gostowski
Petri Gostowski

Co. Head of Research

Latest research

Latest analysis report

Released: 2026-05-07

Latest extensive report

Released: 2025-06-18

Revenue and EBIT-%

Revenue M

EBIT-% (adj.)

EPS and dividend

EPS (adj.)

Dividend %

Financial calendar
13/5
2026

Interim report Q1'26

13/8
2026

Interim report Q2'26

28/10
2026

Interim report Q3'26

Risk
Business risk
Valuation risk
Low
High
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Third party research

Relais Group: Cold winter to support earnings - Nordea

Ahead of Relais' Q1 report, we make only minor estimate revisions and derive a higher DCF- and multiples-based fair value range of EUR 17.7-21.6 (17.3-21.1). We note the cold winter in the Nordics in Q1, which we expect to have supported the top line...

Relais Group
Forum discussions
Here are the figures for the beginning of the year in table format. Profitability met expectations well, so on adjusted figures, the result exceeded expectations driven by the top line. In particular, Technical Wholesale grew organically more strongly than expected, which is likely...
3 hours ago
by Petri Gostowski
29
MFN – 13 May 26 Relais Group Oyj osavuosikatsaus tammi-maaliskuu 2026 (tilintarkast... Relais Group Oyj Pörssitiedote 13.5.2026 klo 9.00 Tämä tiedote on tiivistelmä Relais Groupin osavuosikatsauksesta tammi-maaliskuu 2026. Tiedote on kokonaisuudessaan tämän tiedotteen liitteenÃ.....
3 hours ago
by Sijoittaja
24
Since the focus of Relais’s operations has shifted westward in recent years, what kind of move would it be to relocate the headquarters to Sweden and list the company on our western neighbor’s stock exchange? Serial acquirers are valued there, and generally, the world values keeping...
4/27/2026, 7:43 AM
by Pohdiskelua
19
Regarding technical wholesale, there is a mention of the weather: the cold winter had a positive impact on the sales of spare parts and equipment compared to the mild winter of 2025.
2 hours ago
by T_sijoittaja
14
Here are Petri’s pre-commentary notes, as Relais reports its Q1 results on Wednesday, May 13th – that is, next Wednesday. In connection with this report, we have accounted for the company’s reporting change and a small acquisition in our forecasts, but overall the forecast changes...
5/6/2026, 8:59 PM
by Sijoittaja-alokas
11
An earnings preview and a target price hike from Nordea, increased from 17.7 to 21.6. They are expecting a strong Q1 and full year, as well as ambitious targets from the Capital Markets Day. https://research.nordea.com/api/reportfileapi?id=7484aa8a-19b6-4368-afae-5b50b59c70f7
5/6/2026, 12:49 PM
by OttoJ
11
Well, that went perfectly as expected! To my eye, there isn’t a single word about the weather in the CEO’s comments. It’s so obvious that the severe frosts in January and February played right into the company’s hands, so I think it’s a bit silly that it’s not being highlighted. ...
3 hours ago
by Jageksi
10
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