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.
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...
Målsætningen for afkast af kapital forbinder vækstmålene med skabelsen af aktionærværdi, og i lyset heraf anser vi ROCE-målsætningen for at være en fremragende tilføjelse.
Ahead of its CMD today, Relais updated its strategy for 2026-28 and provides new financial targets. The company is clearly putting efforts on returns with strategy execution focusing on 1) building the foundation for the next wave of profit growth 2)...
Relais' Q1 2026 adjusted EBITA of EUR 12.8m was 5% above Modular Finance consensus and sales were 4% ahead. Organic sales growth was strong at 7% y/y, partly supported by a cold winter. We believe the company has further margin improvement potential ...
