Relais Group Oyj

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.

Relais Group Plc announced the completion of a share buyback program, initially decided by its Board of Directors on May 8, 2024, following authorization from the Annual General Meeting in April 2024. The buyback, conducted between May 8 and November 5, 2024, involved repurchasing 71,735 shares for a total of EUR 999,971.55 at an average price of EUR 13.94 per share. These transactions were carried out on Nasdaq Helsinki Ltd under Safe Harbor Rules. The aim was to optimize the company's capital structure by reducing its unrestricted equity. The repurchased shares will be canceled according to Finnish law. Post-buyback, Relais Group holds 71,785 own shares, about 0.40% of its total shares. Relais Group, a consolidator in the vehicle aftermarket in the Nordic and Baltic regions, reported net sales of EUR 284.3 million in 2023 and completed four acquisitions that year. The company employs around 1,000 people across six countries and is listed on Nasdaq Helsinki under the symbol RELAIS.