Relais: Shopping in Helsingborg
The acquisition in Sweden announced by Relais yesterday had good strategic compatibility. However, the price paid was highish compared to the target company’s performance and requires full materialization of synergies. Thus, the added value created by the acquisition for shareholders requires more proof.
Relais Group
Relais Group is an importer and wholesaler for the automotive industry. The Group focuses mainly on the development of vehicle electronic equipment for trucks. Examples of products that the company delivers include lighting products, applications for warning lights, lighting and camera systems, as well as other spare parts for heavy vehicles. The largest operations are in the Nordic and Baltic markets, with customers in the aftermarket industry.
Read more on company pageKey Estimate Figures14.10.2021
2020 | 21e | 22e | |
---|---|---|---|
Revenue | 128.9 | 231.8 | 269.3 |
growth-% | 30.30 % | 79.80 % | 16.17 % |
EBIT (adj.) | 18.7 | 28.9 | 34.2 |
EBIT-% (adj.) | 14.51 % | 12.47 % | 12.71 % |
EPS (adj.) | 0.87 | 1.15 | 1.38 |
Dividend | 0.30 | 0.40 | 0.47 |
Dividend % | 2.04 % | 3.33 % | 3.92 % |
P/E (adj.) | 16.98 | 10.41 | 8.71 |
EV/EBITDA | 14.41 | 9.65 | 8.16 |