contentSlug

type

ContentSlug_ContentQuery

slug

ContentPageContentQuery

content

trendingContent

query ContentSlug_ContentQuery(
  $contentSlug: String!
  $type: [ContentType!]
) {
  ...ContentPageContentQuery_13QmVO
}

fragment CompanyDetails_Content on Content {
  __isContent: __typename
  companies {
    name
    description
    pageUrl
    id
  }
}

fragment ContentBasicInfo on Content {
  __isContent: __typename
  id
  type
  title
  lang
  companies {
    viewerIsFollowing
    id
    name
    pageUrl
  }
  tags {
    viewerIsFollowing
    id
    name
    pageUrl
  }
  ...PublishingDetails
  ...Reactions
}

fragment ContentMetadata on Content {
  __isContent: __typename
  type
  title
  lang
  pageUrl
  alternatePageUrls: translations {
    __typename
    pageUrl
    lang
  }
  imgUrl
  description
  ... on Video {
    liveTime
    videoUrl
  }
  ... on Webcast {
    liveTime
    videoUrl
  }
}

fragment ContentPageContentQuery_13QmVO on Query {
  content(slug: $contentSlug, type: $type) {
    __typename
    id
    type
    title
    isPremium
    lang
    htmlBody
    summary
    companies {
      forum {
        latestPosts {
          ...ForumPosts
        }
      }
      name
      id
      viewerIsFollowing
      pageUrl
      defaultInstrument {
        isin
        id
        marketOpen
        marketClose
        marketplace {
          region
        }
        returns {
          total
        }
      }
    }
    tags {
      viewerIsFollowing
      id
      name
      pageUrl
    }
    createdAt
    ... on Video {
      liveTime
    }
    ... on Webcast {
      liveTime
    }
    slug
    ... on CompanyReport {
      reportUrl
    }
    ... on ThirdPartyCompanyReport {
      reportUrl
    }
    ... on StockExchangeRelease {
      reportUrl
    }
    ...ContentBasicInfo
    ...ContentMetadata
    ...PriceAndRecommendation_Content
    ...CompanyDetails_Content
    ...ReportLink_Content
    ...KeyFigures_Content
  }
  ...TrendingContent_1jQ2Cn
}

fragment ForumPosts on ForumPost {
  text
  likesCount
  url
  author
  postedAt
  authorImgUrl
}

fragment KeyFigures_Content on Content {
  __isContent: __typename
  companies {
    defaultInstrument {
      estimateData {
        modelType
        reportingCurrency
      }
      snapshot {
        transaction {
          date
          actualized {
            year
            quarter
            revenue
            revenueGrowth
            ebitAdjusted
            ebitReported
            ebitda
            enterpriseValue
            epsAdjusted
            dividend
            dividendYield
            sharePrice
          }
          estimates {
            year
            quarter
            revenue
            revenueGrowth
            ebitAdjusted
            ebitReported
            ebitda
            enterpriseValue
            epsAdjusted
            dividend
            dividendYield
            sharePrice
          }
        }
      }
      id
    }
    id
  }
}

fragment PriceAndRecommendation_Content on Content {
  __isContent: __typename
  createdAt
  companies {
    name
    pageUrl
    defaultInstrument {
      priceData {
        tradeCurrency
      }
      snapshot {
        priceData {
          date
          lastPrice
          tradeCurrency
        }
        transaction {
          date
          recommendation
          targetPrice
        }
        prevTransaction {
          recommendation
        }
      }
      id
    }
    id
  }
}

fragment PublishingDetails on Content {
  __isContent: __typename
  createdAt
  publishers {
    name
    imgUrl
  }
  authors {
    __typename
    id
    name
    slug
    imgUrl
    jobTitle
  }
  ... on Video {
    liveTime
  }
  ... on Webcast {
    liveTime
  }
}

fragment Reactions on Content {
  __isContent: __typename
  id
  reactionGroups {
    reactionType
    reactionsCount
    viewerReacted
  }
}

fragment ReportLink_Content on Content {
  __isContent: __typename
  type
  isPremium
  ... on CompanyReport {
    reportUrl
  }
  ... on ThirdPartyCompanyReport {
    reportUrl
  }
  ... on StockExchangeRelease {
    reportUrl
  }
}

fragment TrendingContent_1jQ2Cn on Query {
  trendingContent(type: ARTICLE) {
    __typename
    id
    title
    lang
    pageUrl
    createdAt
    type
    imgUrl
    companies {
      squareLogoUrl
      name
      id
    }
    authors {
      __typename
      imgUrl
      id
    }
    publishers {
      imgUrl
    }
  }
}


relais-group-tentative-signs-of-market-improvement-nordea

__typename

title

isPremium

lang

htmlBody

summary

companies

createdAt

publishers

authors

reactionGroups

pageUrl

translations

imgUrl

description

Relais Group is an importer and wholesaler for the automotive industry. The group focuses mainly on the development of automotive electronic equipment for trucks. Examples of products that the company supplies include lighting products, applications for warning lights, camera systems, and other spare parts for heavy vehicles. The largest operations are found in the Nordic and Baltic markets, with customers in the aftermarket industry.

Arni Ekholm was also talking about his company as an investment target at the Investor 2025 event                    Inderes              Relais sijoituskohteena | Sijoittaja 2025 - Inderes    Aika: 28.11.2025 klo 11.25 Relais Groupin toimitusjohtaja Arni Ekholm kertoo yhtiön liiketoiminnasta Sijoittaja 2025 -tapahtumassa.

@Karo_Hamalainen’s interview featured Relais’s Arni Ekholm                Relais specializes in combining companies operating in the commercial vehicle aftermarket. In March 2023, it set a target of a €50 million pro forma EBITA by the end of 2025. Thanks to major acquisitions made during the current year, the target seems achievable. Acquisitions can significantly change the nature of a company. In Relais’s case, the company has, in a few years, built within itself the leading brand-independent commercial vehicle repair shop chain in the Nordics. The change began when Relais acquired Raskone at the beginning of 2021. ”We heard indirectly that Raskone was for sale. Hey, there’s an idea here! Let’s start doing the same thing elsewhere in the Nordics. No one else has done it,” Relais CEO Arni Ekholm says on Karon Grilli. After the Raskone acquisition, Relais bought repair shops in Sweden, and at the beginning of this year, it made a major acquisition by buying a commercial vehicle repair shop chain, a total of 24 shops, from Vy, “Norway’s VR”. The repair shop coverage in the three neighboring countries can be supplemented by acquiring even individual outlets. However, one cannot start building a chain in a new country by buying individual repair shops – let alone by establishing them oneself. A sufficiently large chain would have to be acquired as a base. Why did Relais expand through acquisition even to northern Central Europe, even though a Danish repair shop chain is clearly missing from the portfolio? ”We haven’t yet found the right price for the right asset, and I don’t want to pay too much just because there’s a missing piece. We’re doing perfectly fine with these three Nordic countries,” Arni Ekholm says. On Grilli, Arni Ekholm also explains why the company decided to issue a €50 million hybrid bond and what the company’s new major owner, Portuguese alternative investment specialist Oxy Capital, is like.

Inderes              Relais Group Oyj:n hallitus päätti uusista optio-ohjelmista sekä muutoksista...    Relais Group Oyj, Pörssitiedote, 5.11.2025 klo 16:30Uudet optio-ohjelmat 2025A ja 2025BRelais Group Oyj:n hallitus on päättänyt ottaa käyttöön kaksi uutta avainhenkilöiden optio-ohjelmaa 2025A...                             The new CEO has already managed to acquire shares with his own money before starting work👍  In addition to his participation in the company’s option program, Christian Johansson Gebauer has also recently purchased Relais Group shares himself. Johansson Gebauer now owns a total of 10,000 Relais Group shares, which corresponds to an investment of approximately 160,000 euros

Hi, Denmark is a slightly different market geographically (short distances, mild winter), so it cannot be directly compared to, for example, Finland or Norway, even though the number of vehicles and population is relatively the same. From our perspective, there is certainly a lot of potential because we don’t have a single repair shop there yet. It is an interesting market, which I have noted before.

It has occasionally been mentioned in interim reports from Denmark that Relais’s presence is still missing there, so I ask: What is the market potential in Denmark?

You are right that the Swedish market still has growth potential. This can be found in three ways: 1) By increasing the share of vehicle maintenance in our current network, as it is currently more trailer-focused than in Finland 2) By making more targeted acquisitions in the so-called independent sector and 3) By taking more market share from vehicle manufacturers’ workshops. As stated earlier, the market share of this so-called “OE” sector in the Nordic countries is typically 70-80%. In the passenger vehicle maintenance and repair markets, the shares are pretty much 50/50 between the independent sector and OE operators.

Has there been any discussion about the market potential of repair shop operations in Sweden? I saw in the latest presentation that there are more stores in Finland than in Sweden, which doesn’t quite add up considering the population base. To put it simply, I would imagine there is considerable room for expansion.

Relais Group

Relais' Q3 adjusted EBITA came in slightly below LSEG Data & Analytics consensus. Organic growth was 4% y/y in the quarter, clearly above the flat to slightly declining market. The company continues...

Relais' Q3 adjusted EBITA came in slightly below LSEG Data &amp; Analytics consensus. Organic growth was 4% y/y in the quarter, clearly above the flat to slightly declining market. The company continues to see tentative positive signs in the market and notes a good start to the important lighting season, which bodes well for Q4. We expect a stable end-market development for Q4, while Relais could benefit from its network investments, cross-selling synergies and cost benefits arising from recent acquisitions. We trim our estimates slightly and derive a slightly lower DCF- and multiples-based fair value range of EUR 18.7-22.9 (19.2-23.4).