The overall picture in Relais' Q4 report was on the positive side, as the last quarter of 2022 was slightly better operationally than we had expected. However, we haven’t made any significant estimate revisions following the report, as our estimates for the coming years expected the company to improve on its performance that was particularly weak in the first half of 2022.
Relais Group
Relais Group is an importer and wholesaler for the automotive industry. The Group focuses mainly on the development of vehicle electronic equipment for trucks. Examples of products that the company delivers include lighting products, applications for warning lights, lighting and camera systems, as well as other spare parts for heavy vehicles. The largest operations are in the Nordic and Baltic markets, with customers in the aftermarket industry.
Read more on company pageKey Estimate Figures2023-03-02
2022 | 23e | 24e | |
---|---|---|---|
Revenue | 260.7 | 268.3 | 279.1 |
growth-% | 9.62 % | 2.93 % | 4.00 % |
EBIT (adj.) | 23.0 | 26.6 | 29.7 |
EBIT-% (adj.) | 8.81 % | 9.90 % | 10.65 % |
EPS (adj.) | 0.80 | 0.94 | 1.03 |
Dividend | 0.40 | 0.42 | 0.44 |
P/E (adj.) | 12.67 | 12.57 | 11.51 |
EV/EBITDA | 8.96 | 8.39 | 7.60 |