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RELAIS - Relais Oyj News Story

€17.3 -0.5  -2.5%

Last Trade - 2:41pm

Sector
Consumer Cyclicals
Size
Small Cap
Market Cap £266.8m
Enterprise Value £291.7m
Revenue £112.0m
Position in Universe 630th / 1829

BRIEF-Relais Group Buys Raskone

Fri 29th January, 2021 11:06am
Jan 29 (Reuters) - Relais Group Oyj  RELAIS.HE :
    * RELAIS GROUP PLC ACQUIRES RASKONE LTD AND TAKES A
SIGNIFICANT
STEP TOWARDS GROWTH IN THE FINNISH COMMERCIAL VEHICLE
AFTERMARKET
    * RASKONE IS FINLAND'S LARGEST NATIONWIDE MULTI-BRAND
MAINTENANCE
AND REPAIR WORKSHOP CHAIN FOR COMMERCIAL VEHICLES
    * ACQUISITION IS PART OF RELAIS' GROWTH STRATEGY AND GIVES
RELAIS
GROUP A SIGNIFICANT NEW PILLAR FOR GROWTH IN COMMERCIAL VEHICLE
SEGMENT.
    * RASKONE WILL BE REPORTED AS PART OF RELAIS GROUP AS OF 1
FEBRUARY 2021.
    * NET SALES OF RASKONE FOR CALCULATED FINANCIAL PERIOD 1
JANUARY -
31 DECEMBER 2020 WERE APPROXIMATELY EUR 63 MLN
    * POTENTIAL FOR SIGNIFICANT SYNERGY BENEFITS AND ECONOMIES
OF
SCALE THROUGH OPTIMISATION OF SPARE PART PURCHASES
    * POTENTIAL FOR CROSS-SELLING, ESPECIALLY IN LIGHTING AND
EQUIPMENT BUSINESSES
    * ACQUISITION SUPPORTS RELAIS' LONG-TERM FINANCIAL TARGETS
    * RASKONE  EBITDA FOR CALCULATED FINANCIAL PERIOD 1 JANUARY
- 31
DECEMBER 2020 APPROXIMATELY EUR 4.7 MILLION.
    * COMMERCIAL VEHICLE MAINTENANCE AND REPAIR BUSINESS CREATES
A NEW
PILLAR FOR RELAIS' GROWTH, AND MOVES RELAIS ONE STEP CLOSER TO
COMMERCIAL VEHICLE OPERATORS/CUSTOMERS

Source text for Eikon:  ID:nWkrgKnhK 
Further company coverage:  RELAIS.HE 

 (Gdansk Newsroom)
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