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Relais Group

16.55 EUR

+1.85 %

3,798 following

RELAIS

NASDAQ Helsinki

Automobiles

Consumer Goods & Services

+1.85 %
+0.91 %
+1.53 %
+12.97 %
+24.44 %
+27.80 %
+54.67 %
+61.46 %
+125.17 %

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
305.11M EUR
Turnover
87.28K EUR
P/E (adj.) (25e)
12.28
EV/EBIT (adj.) (25e)
12.61
P/B (25e)
1.71
EV/S (25e)
1.27
Dividend yield-% (25e)
3.14 %
Coverage
Recommendation
Accumulate
Target price
19.00 EUR
Updated
22.10.2025
Disclaimer
Petri Gostowski
Petri Gostowski

Co. Head of Research

Latest research

Latest analysis report

Released: 23.10.2025

Latest extensive report

Released: 18.06.2025

Revenue and EBIT-%

Revenue M

EBIT-% (adj.)

EPS and dividend

EPS (adj.)

Dividend %

Financial calendar
13.2
2026

Annual report '25

14.4
2026

General meeting '26

13.5
2026

Interim report Q1'26

Risk
Business risk
Valuation risk
Low
High
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Third party research

Relais Group: Tentative signs of market improvement - Nordea

Relais' Q3 adjusted EBITA came in slightly below LSEG Data & Analytics consensus. Organic growth was 4% y/y in the quarter, clearly above the flat to slightly declining market. The company continues to see tentative positive signs in the market and notes...

Relais Group
Forum discussions
I examined Relais’ capital allocation over a slightly longer period and tried to visualize it at the same time. The chart below shows the cumulative cash flow from operations and allocated capital over a five-year period (fiscal years 2020-2024). Payments for lease liabilities have...
10/27/2025, 8:50 PM
by JP199
45
You are right that the Swedish market still has growth potential. This can be found in three ways: 1) By increasing the share of vehicle maintenance in our current network, as it is currently more trailer-focused than in Finland 2) By making more targeted acquisitions in the so-called...
10/31/2025, 8:34 AM
by RelaisGroupOfficial
32
Hi, Denmark is a slightly different market geographically (short distances, mild winter), so it cannot be directly compared to, for example, Finland or Norway, even though the number of vehicles and population is relatively the same. From our perspective, there is certainly a lot...
10/31/2025, 11:28 AM
by RelaisGroupOfficial
28
@Karo_Hamalainen’s interview featured Relais’s Arni Ekholm Relais specializes in combining companies operating in the commercial vehicle aftermarket. In March 2023, it set a target of a €50 million pro forma EBITA by the end of 2025. Thanks to major acquisitions made during the current...
11/12/2025, 6:29 AM
by Sijoittaja-alokas
27
Here we go! In my opinion, these small, complementary acquisitions also play an important role in the growth story. At least Team Verkstad in Sweden and Raskone in Finland are already capable of making such acquisitions concerning repair shops. There, however, local management continuously...
10/30/2025, 8:55 AM
by JP199
26
Inderes Relais Group Oyj:n hallitus päätti uusista optio-ohjelmista sekä muutoksista... Relais Group Oyj, Pörssitiedote, 5.11.2025 klo 16:30Uudet optio-ohjelmat 2025A ja 2025BRelais Group Oyj:n hallitus on päättänyt ottaa käyttöön kaksi uutta avainhenkilöiden optio-ohjelmaa 2025A...
11/5/2025, 2:38 PM
by JP199
23
From small beginnings… Inderes Relais Group Oyj: Relais Groupin ruotsalainen konserniyhtiö Team Verkstad... Relais Group Oyj Lehdistötiedote 30.10.2025 kello 10.45Relais Group Oyj:n ruotsalainen konserniyhtiö Team Verkstad on tänään 30. lokakuuta 2025 sopinut ostavansa 100 prosenttia...
10/30/2025, 8:47 AM
by poutapilviä
23
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