Relais Group Plc
Annual Report 2019

A year of growth and development

Relais Group is an importer and technical wholesaler that actively develops its vehicle spare parts and electrical equipment business.

CEO’s review

Significant steps in implementing our growth strategy

2019 was a year of growth and development for Relais. Our net sales grew by 36.6%, amounting to EUR 98.9 million. I am delighted that we have grown faster than the market has in relatively challenging conditions. Our growth was particularly impressive in the lighting product group, where we launched a number of successful products over the course of the year. Our cash flow was strong and our profitability was on a good level. The acquisitions we completed in Sweden have had a particularly favourable effect on our growth and development.

Arni Ekholm
CEO

Lue lisää
Net sales

98.9

MEUR
Growth of net sales

36.6

%
EBIT

7.9

MEUR
Dividend per share*

0.10

MEUR
*Board of Directors' proposal to the Annual General Meeting
Market value 31.12.2019

133.8

MEUR
Number of personnel 31/12/2019

258

Strategy

Relais aims be to a forerunner in vehicle life cycle enhancement in the Nordic and Baltic countries.

Organic growth

We aim to continue growing at an average pace exceeding the market growth, which is supported by targeted synergies.

Growth from acquisitions

We strive to continue targeted acquisitions and aim to be an active player in the consolidation of the Nordic and Baltic vehicle aftermarket sector.

Added value for customers

We aim to create customer value through comprehensive product range, digital platform and superior customer service.

Business operations

We operate in Finland, Sweden, Norway, Denmark and the Baltic countries.

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Responsibility

We play an important role in the life cycle of vehicles. High-quality spare parts and equipment promote sustainable traffic and keep vehicles moving safely.