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
    id
  }
  tags {
    name
    id
  }
  ... on Video {
    liveTime
    videoUrl
  }
  ... on Webcast {
    liveTime
    videoUrl
  }
}

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
    }
    ... 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-group-oyj-relais-group-plc-will-publish-its-interim-report-january-march-2026-on-13-may-2026-at-900-am-eest-webcast-at-1000-am

__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.

@Turskapilkki summarized my own thoughts well. So far, Relais’ acquisitions seem to have been very well-considered; they don’t buy just for the sake of buying or regardless of the price. More deals like this, please! Personally, I don’t mind the (small) dividends either, although I do understand the criticism in a way.

Since the focus of Relais’s operations has shifted westward in recent years, what kind of move would it be to relocate the headquarters to Sweden and list the company on our western neighbor’s stock exchange? Serial acquirers are valued there, and generally, the world values keeping some distance from Russia. I would be surprised if the new CFO isn’t Swedish.

Relais              Tiedotteet ja julkaisut - Relais    Tiedotteet  [...]Read More... from Tiedotteet ja julkaisut         Est. reading time: 1 minuutti                               CFO Ekström to leave the company by October at the latest

I see it this way: a moderate, preferably growing, dividend is a guiding factor for discipline in growth. Paying a dividend steers acquisitions toward the best targets. In my opinion, this is a good setup considering the nature of serial acquisition and the position of shareholders. Without a dividend, management might be incentivized, consciously or unconsciously, to prioritize growth above all else and with a small margin of safety. If there were also a performance bonus tied to growth, I would certainly be sweating as a minority shareholder. To pay a dividend, operations must generate cash flow even while pursuing growth. It might feel like a drag on growth, but it keeps feet on the ground during good years and ensures a margin of safety for leaner years. Mathematically, it might be most rational not to pay a dividend, but personally, I skip those kinds of serial acquirers. That is when acquisitions might start going through with lower hurdle rates, and risk appetite grows too quickly during good years when money is easy. As a minority shareholder, I find it impossible to know management’s mindset well enough to feel at ease on such a ride. Unless we are talking about the greatest and most powerful acquirer. Additionally, it occurs to me that if someone were selling their company to Relais, the seller might value the dividend from their own perspective. This can also be a mutual benefit if the sellers are in no hurry to get rid of their shares.

Indeed, in those cases, the more important reason is management commitment. The sizes of the directed share issues have been so small that they have almost no impact on the big picture through this channel. They certainly have an even greater impact on the actions of the acquired company’s management, though.

I don’t own the company, I’m just following it. Still, I have to ask: why is the company paying a dividend if they have to use their own shares for acquisitions? You’d think a serial acquirer would find better use for the money than dividends.

Here are Petri’s comments on Relais’s Norwegian acquisition  Relais announced on Thursday that it has acquired the entire share capital of the Norwegian Service-Ekspressen AS (SE). The acquisition is a typical strategic add-on purchase, through which Relais strengthens its position in the Norwegian workshop equipment business. SE is small in size relative to the Relais Group, which is why the impact of the transaction on our group-level forecasts is marginal. We will take the acquisition into account in our forecasts in connection with the next company report.                   Inderes – 17 Apr 26              Relais vahvistaa Norjan korjaamopalveluitaan täsmäostolla - Inderes    Relais tiedotti torstaina ostaneensa norjalaisen Service-Ekspressen AS:n (SE) koko osakekannan.

Relais Group

Relais Group Plc Press Release 6 May 2026 at 9:00 a.m. EEST Relais Group Plc will publish its Interim Report January-March 2026 on Wednesday, 13 May 2026 at 9:00 a.m. EEST and it will be available...

Relais Group Plc Press Release&nbsp;6 May 2026&nbsp;at 9:00 a.m. EEST &nbsp;Relais Group Plc will publish its Interim Report January-March 2026 on&nbsp;Wednesday, 13 May 2026&nbsp;at 9:00 a.m.&nbsp;EEST and it will be available after publishing on the company's website at&nbsp;<a href="https://relais.fi/en/investors/">https://relais.fi/en/investors/</a>.Relais Group will arrange a webcast for analysts, investors and media on 13 May 2026, at&nbsp;10:00 a.m. EEST.&nbsp;The webcast will be held in English. Relais Group's CEO Christian Johansson Gebauer and CFO Thomas Ekström will host the event. The webcast can be followed at <a href="https://relais.events.inderes.com/2026-q1">https://relais.events.inderes.com/2026-q1</a>.Presentation material and video&nbsp;will be available&nbsp;on the company's website at&nbsp;<a href="https://relais.fi/en/investors/">https://relais.fi/en/investors/</a>&nbsp;after the event.Additional information: Relais Group Plc Thomas Ekström, CFO Phone: +358 50 381 9751 E-mail: thomas.ekstrom@relais.fiDistribution: Nasdaq Helsinki Key media <a href="https://www.relais.fi/">www.relais.fi</a>Relais GroupRelais Group is a serial acquirer focused on the vehicle aftermarket in Northern Europe. The Group creates value by identifying, acquiring and developing leading businesses with strong cash flows, clear niche positions and long-term growth potential.Our net sales in 2025 were EUR 383.4 (2024: 322.6) million. In 2025 we made eight acquisitions. We employ approximately 1,700 professionals in eight different countries. The Relais Group share is listed on the Main Market of Nasdaq Helsinki with the stock symbol RELAIS.<a href="https://www.relais.fi/">www.relais.fi</a><div></div>