Finland's Relais Q2 sales lifted by acquisitions, margin hit by higher credit provision, other costs

Relais Oyj

13/08/2026 07:13

Overview
Finland vehicle aftermarket acquirer's Q2 net sales rose 33% yr/yr, driven by acquisitions
Adjusted EBITA grew 6% but margin declined due to credit loss provisions and growth investments
Adjusted EPS for Q2 fell 20% yr/yr

Outlook
Relais does not provide numeric guidance for the 2026 financial year

Result Drivers
ACQUISITIONS - Co said acquisitions contributed 25 percentage points to Q2 net sales growth
CREDIT LOSS PROVISIONS - Co said increased expected credit loss provisions had a EUR 0.6 mln negative effect on Q2 adjusted EBITA, with a EUR 1.2 mln yr/yr impact
GROWTH INVESTMENTS - Co said investments in organic growth initiatives, mainly in Technical Wholesale, increased costs and pressured margins
WORKSHOP RELOCATION - Co said Raskone’s relocation to a new flagship workshop temporarily reduced profitability in Q2

Company press release: ID:nWkr664RCP

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Sales
 
EUR 110.48 mln
 
Q2 Adjusted EPS
 
EUR 0.12
 
Q2 EBIT
 
EUR 4.15 mln
 
Q2 EBITDA
 
EUR 13.57 mln
 

Analyst Coverage
The current average analyst rating on the shares is "strong buy" and the breakdown of recommendations is 2 "strong buy" or "buy", no "hold" and no "sell" or "strong sell"
The average consensus recommendation for the auto, truck & motorcycle parts peer group is "buy."
Wall Street's median 12-month price target for Relais Group Oyj is €18.08, about 19.3% above its August 12 closing price of €15.15
The stock recently traded at 11 times the next 12-month earnings vs. a P/E of 11 three months ago

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)