Relais Group Oyj Reports Continued Growth Amid Strategic Acquisitions: A Financial Analysis
Relais Group Oyj, a leading player in the Nordic and Baltic vehicle aftermarket sector, has released its interim report for January-September 2024, showing continued growth and strategic acquisitions.
Sammanfattning
Relais Group Oyj has shown consistent growth with a 9% increase in EBITA and 7% rise in net sales for Q3 2024. The company continues to focus on strategic acquisitions and market expansion, enhancing its position in the vehicle aftermarket sector.
Relais Group Oyj: A Financial Analysis
Relais Group Oyj has released its interim report for January-September 2024, showcasing sustained growth in key financial metrics. The company's EBITA grew by 9% to EUR 9.1 million, with a margin increase from 12.0% to 12.2%. Net sales rose by 7% to EUR 74.9 million, driven by a 4% organic growth.
Key Performance Indicators (KPIs)
| KPI | Q3 2024 | Q3 2023 | Change (%) |
|---|---|---|---|
| Revenue | EUR 74.9 million | EUR 70.0 million | 7% |
| Operating Income (EBITA) | EUR 9.1 million | EUR 8.4 million | 9% |
| Net Income | Not disclosed | Not disclosed | - |
| Earnings per Share | EUR 0.65 | EUR 0.41 | 58.5% |
| Debt Ratio | Not disclosed | Not disclosed | - |
| Interest Coverage Ratio | Not disclosed | Not disclosed | - |
Analysis of KPI Changes
| KPI | Change | Analysis |
|---|---|---|
| Revenue | 7% | The increase in revenue is primarily due to growth in the Commercial Vehicle Repair and Maintenance segment, particularly in Finland. |
| Operating Income (EBITA) | 9% | EBITA growth reflects improved operational efficiency and successful acquisitions. |
| Earnings per Share | 58.5% | EPS growth indicates strong financial performance and shareholder value creation. |
Conclusion
Relais Group's continued growth in EBITA and net sales underscores its strategic focus on acquisitions and market expansion. The company's strong financial performance, particularly in the Commercial Vehicle Repair and Maintenance segment, positions it well for future growth. Investors can be optimistic about Relais Group's ability to achieve its long-term financial target of EUR 50 million in EBITA by 2025.
Källa
Sammanfattning
Relais Group Plc released a summary of its Interim Report for January-September 2024. The company did not provide numeric guidance for 2024 but aims to achieve a proforma comparable EBITA of EUR 50 million by the end of 2025. In the third quarter of 2024, Relais Group experienced continued profitable growth, marking the seventh consecutive quarter of EBITA growth. EBITA reached EUR 9.1 million, a 9% increase from the previous year, with a margin of 12.2%. Net sales grew by 7% to EUR 74.9 million, with organic growth at 4%. The strongest growth was seen in the Commercial Vehicle Repair and Maintenance business, particularly in Finland. The company completed the acquisition of Team Verkstad Sverige AB on 1 October 2024 and concluded a share buy-back program on 6 November 2024. Relais Group plans to publish its 2024 Annual Reporting package on 14 March 2025 and hold its Annual General Meeting on 10 April 2025. CEO Arni Ekholm and CFO Thomas Ekström will present the Q3 2024 results in a webcast on 7 November 2024. Relais Group focuses on vehicle life cycle enhancement and related services in the Nordic and Baltic countries, aiming for strong growth through targeted acquisitions.