contentSlug

type

ContentSlug_ContentQuery

slug

ContentPageContentQuery

content

trendingContent

query ContentSlug_ContentQuery(
  $contentSlug: String!
  $type: [ContentType!]
) {
  ...ContentPageContentQuery_13QmVO
}

fragment CompanyDetails_Content on Content {
  __isContent: __typename
  companies {
    name
    description
    pageUrl
    id
  }
}

fragment ContentBasicInfo on Content {
  __isContent: __typename
  id
  type
  title
  lang
  companies {
    viewerIsFollowing
    id
    name
    pageUrl
  }
  tags {
    viewerIsFollowing
    id
    name
    pageUrl
  }
  ...PublishingDetails
  ...Reactions
}

fragment ContentMetadata on Content {
  __isContent: __typename
  type
  title
  lang
  pageUrl
  alternatePageUrls: translations {
    __typename
    pageUrl
    lang
  }
  imgUrl
  description
  createdAt
  changedAt
  isPremium
  authors {
    __typename
    name
    pageUrl
    id
  }
  companies {
    name
    pageUrl
    id
  }
  tags {
    name
    id
  }
  ... on Video {
    liveTime
    videoUrl
    videoEmbedUrl(location: "inderes")
  }
  ... on Webcast {
    liveTime
    videoUrl
    videoEmbedUrl(location: "inderes")
  }
}

fragment ContentPageContentQuery_13QmVO on Query {
  content(slug: $contentSlug, type: $type) {
    __typename
    id
    type
    title
    isPremium
    lang
    htmlBody
    summary
    companies {
      forum {
        latestPosts {
          ...ForumPosts
        }
      }
      name
      id
      viewerIsFollowing
      pageUrl
      defaultInstrument {
        isin
        id
        marketOpen
        marketClose
        marketplace {
          region
        }
        returns {
          total
        }
      }
    }
    tags {
      viewerIsFollowing
      id
      name
      pageUrl
    }
    createdAt
    ... on Video {
      liveTime
    }
    ... on Webcast {
      liveTime
    }
    slug
    ... on CompanyReport {
      reportUrl
      researchContentUrl
      researchContent {
        title
        lang
        pdfUrl
        relatedContent {
          __typename
          ...PublishingDetails
          ...Reactions
          id
        }
        content {
          title
          lang
          htmlBody
          publishedAt
          createdAt
          changedAt
          isOutdated
          isPremium
        }
      }
    }
    ... on ThirdPartyCompanyReport {
      reportUrl
    }
    ... on StockExchangeRelease {
      reportUrl
    }
    ...ContentBasicInfo
    ...ContentMetadata
    ...PriceAndRecommendation_Content
    ...CompanyDetails_Content
    ...ReportLink_Content
    ...KeyFigures_Content
  }
  ...TrendingContent_1jQ2Cn
}

fragment ForumPosts on ForumPost {
  text
  likesCount
  url
  author
  postedAt
  authorImgUrl
}

fragment KeyFigures_Content on Content {
  __isContent: __typename
  companies {
    defaultInstrument {
      estimateData {
        modelType
        reportingCurrency
      }
      snapshot {
        transaction {
          date
          actualized {
            year
            quarter
            revenue
            revenueGrowth
            ebitAdjusted
            ebitReported
            ebitda
            enterpriseValue
            epsAdjusted
            dividend
            dividendYield
            sharePrice
            nav
            navPerShare
            opexOfNav
            quarterlySharePrice
          }
          estimates {
            year
            quarter
            revenue
            revenueGrowth
            ebitAdjusted
            ebitReported
            ebitda
            enterpriseValue
            epsAdjusted
            dividend
            dividendYield
            sharePrice
            nav
            navPerShare
            opexOfNav
            quarterlySharePrice
          }
        }
      }
      id
    }
    id
  }
}

fragment PriceAndRecommendation_Content on Content {
  __isContent: __typename
  createdAt
  companies {
    name
    pageUrl
    defaultInstrument {
      priceData {
        tradeCurrency
      }
      snapshot {
        priceData {
          date
          lastPrice
          tradeCurrency
        }
        transaction {
          date
          recommendation
          targetPrice
        }
        prevTransaction {
          recommendation
        }
      }
      id
    }
    id
  }
}

fragment PublishingDetails on Content {
  __isContent: __typename
  createdAt
  publishers {
    name
    imgUrl
  }
  authors {
    __typename
    id
    name
    slug
    imgUrl
    jobTitle
  }
  ... on Video {
    liveTime
  }
  ... on Webcast {
    liveTime
  }
}

fragment Reactions on Content {
  __isContent: __typename
  id
  reactionGroups {
    reactionType
    reactionsCount
    viewerReacted
  }
}

fragment ReportLink_Content on Content {
  __isContent: __typename
  type
  isPremium
  ... on CompanyReport {
    reportUrl
  }
  ... on ThirdPartyCompanyReport {
    reportUrl
  }
  ... on StockExchangeRelease {
    reportUrl
  }
}

fragment TrendingContent_1jQ2Cn on Query {
  trendingContent(type: ARTICLE) {
    __typename
    id
    title
    lang
    pageUrl
    createdAt
    type
    imgUrl
    companies {
      squareLogoUrl
      name
      id
    }
    authors {
      __typename
      imgUrl
      id
    }
    publishers {
      imgUrl
    }
  }
}


relais-cmd-pinpointing-importance-of-capital-returns-nordea

__typename

title

isPremium

lang

htmlBody

summary

companies

createdAt

publishers

authors

reactionGroups

pageUrl

translations

imgUrl

description

changedAt

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.

With 2026 forecasts at P/E 11 and EV/EBIT 11, aren’t you getting the potential ROCE improvement for free? And even if ROCE doesn’t rise, the multiples are quite low.

Little-known listed company overhauled its management – “We are doing great” Harvojen tuntema pörssiyhtiö pisti johtonsa uusiksi – ”Meillä menee loistavasti” | Kauppalehti Kauppalehti interviewed the new CEO “We are doing great and in the future even better”, Gebauer messages to investors. Might be behind a paywall..

Here is Ville Arffman’s analysis of Relais   The goal is for there to be more relevant acquisition targets in the future than there is time to execute, allowing the company to select the best among them. Market potential remains significant. In the Nordics alone, there are over 2.2 million commercial vehicles, and the business landscape serving them is highly fragmented. Sweden, Norway, and Denmark, in particular, offer Relais Group room to grow more aggressively than in its domestic market.  Subheadings:  Cash flow strengthened, return on capital still requires work Three business areas with clear profiles The acquisition engine scales by business unit Investor perspective  Note IR-monitoring is a channel by SalkunRakentaja and Sijoittaja.fi for corporate partners to provide background and analytical articles, as well as other interesting investor information. The article is part of a commercial partnership with the company. The article does not contain investment recommendations.                   SalkunRakentaja – 22 May 26              Analyysi: Relais Groupin fokus siirtyy kasvun laatuun ja pääoman tuottoon    Relais Group julkisti odotetut uudet pitkän aikavälin taloudelliset tavoitteet sekä päivitetyn strategiansa vuosille 2026–2028. Keskeinen viesti oli selkeä.

CMD interview 15 min:               Topics:  (00:00​) Introduction  (00:13​) New strategy  (00:46​) Operational changes during the new strategy period  (02:52​) Three building blocks of strategy implementation  (05:05​) Acquisitions  (06:43​) Financial targets  (08:22​) Markets of interest  (10:15​) Capital allocation  (11:40​) New ROCE target

Here are Tommi’s comments on Relais’s new strategy and financial targets.  Relais published its updated strategy and new financial targets for the years 2026–2028 this morning. As we anticipated in connection with the Q1 report, a target measuring return on capital was included in the company’s new financial targets, reflecting the new CEO’s emphasis on capital efficiency. Although the target of over 13% for return on capital employed (ROCE) fell slightly short of our expectation of over 15%, it is still a clear step up compared to the company’s historical performance. We believe that including return on capital in the targets is an excellent move, as the goals are now fully aligned with the positive development of shareholder value. The strategic guidelines also appear disciplined, which we consider sensible after a period of rapid growth. At the Capital Markets Day, we will look for insight into the actions intended to achieve these numerical targets.                   Inderes – 20 May 26              Relaisin uusi strategia korostaa pääoman tuottoa ja tehokkuutta - Inderes    Uusi yli 13 %:n ROCE-tavoite edellyttää selvää tehokkuuden parantamista yhtiön historialliseen tasoon nähden.

The company has ramped up its CMD advertising. Attached is a screenshot from the Arvopaperi website.

ilmarinen.fi              Ilmarisen suhdanneindeksi: Työntekijämäärän kasvu jatkuu    Työntekijämäärä nousi huhtikuussa Ilmarisen suhdanneindeksiin kuuluvissa yrityksissä +0,3 prosenttia verrattuna edelliseen vuoteen. Plusmerkkinen tulos on toinen lähes kolmen vuoden negatiivisen kehityksen jälkeen.                             There were no mass layoffs in the transport sector; the number of employees was +1.4% in April compared to a year ago, despite the 2-month “diesel crisis”. Manufacturing is picking up.

Relais Group

Relais hosted its first ever CMD yesterday. Overall, the focus is clearly around capital allocation, which we view logical following the acquisition spree in 2025. New financial targets are ...

Relais hosted its first ever CMD yesterday. Overall, the focus is clearly around capital allocation, which we view logical following the acquisition spree in 2025. New financial targets are for at least 10% adjusted EBITA growth over the cycle and minimum of 13% ROCE. The company continues to focus on vehicle aftermarket while we were left with impression that focus is in organic growth with additional bolt-on acquisitions. Furthermore, the company is building M&amp;A pipeline within business areas which we view positively as it increases accountability. Overall, we view new financial target well in line with consensus expectations as Modular Finance consensus models 12% adjusted EBITA CAGR for 2025-28E, most likely on organic basis. In addition, organic growth focus is likely to drive down leverage level (3.55x in Q1) and increase stability of the company.

Relais: CMD pinpointing importance of capital returns - Nordea

Relais: CMD pinpointing importance of capital returns - Nordea