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.
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.