Relais Group

15.75 EUR

-0.32%

3,864 following

RELAIS

NASDAQ Helsinki

Automobiles

Consumer Goods & Services

-0.32 %
+6.06 %
+2.27 %
-5.69 %
-3.67 %
+6.06 %
+14.55 %
-19.85 %
+114.29 %

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
292.33M EUR
Turnover
37.89K EUR
P/E (adj.) (26e)
11.5
EV/EBIT (adj.) (26e)
11.3
P/B (26e)
2.14
EV/S (26e)
1.18
Dividend yield-% (26e)
2.41 %
Coverage
Recommendation
Buy
Target price
18.00 EUR
Updated
13.05.2026
Petri Gostowski

Co. Head of Research

Revenue and EBIT-%

Revenue M

EBIT-% (adj.)

EPS and dividend

EPS (adj.)

Dividend %

Financial calendar
13.8
2026

Interim report Q2'26

28.10
2026

Interim report Q3'26

Risk
Business risk
Valuation risk
Low
High
Third party research

Relais: CMD pinpointing importance of capital returns - Nordea

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...

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Third party research

Relais Group: Further improvement potential for 2026 - Nordea

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 ...

Forum discussions
Petri "The Last Emperor” Gostowski has published a new equity research report on Relais. Relais’s Q1 figures beat our forecasts by a clear margin, as organic growth was stronger than anticipated. However, we only made slight forecast changes, so we reiterate our EUR 18.0 target price...
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...
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.
The company has ramped up its CMD advertising. Attached is a screenshot from the Arvopaperi website.
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...
Tj Gebauer’s interview regarding Q1: (00:00) Introduction (00:07) Q1 performance (00:42) Cold winter boosted sales (02:42) Startax (03:59) Change in reporting model (05:30) New acquisition (06:34) Upcoming Capital Markets Day on May 20th (07:26) Market situation
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...
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