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    RELAIS   FI4000391487


Delayed Nasdaq Helsinki  -  11:08 2022-08-18 am EDT
12.15 EUR    0.00%
08/12Relais Group Plc - Managers' Transactions
08/11Relais Seeks Acquisitions
08/11TRANSCRIPT : Relais Group Oyj, H1 2022 Earnings Call, Aug 11, 2022
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Relais Group Plc has completed the acquisition of the Swedish company Skeppsbrons J÷nk÷ping AB and decided on the related share issue

05/24/2022 | 06:01am EDT

Relais Group Plc, Company release 24 May 2022 at 1:00 p.m. EET

Relais Group Plc (the "Company", "Relais"), the leading consolidator in the Nordic vehicle aftermarket, has completed the acquisition of the entire share capital of the Swedish Skeppsbrons Jönköping AB ("Skeppsbrons"), as announced on 5 May 2022. Skeppsbrons will be reported as part of the Relais Group as of 1 May 2022.

The purchase price of the entire stock of Skeppsbrons was MSEK 87.6, of which MSEK 14.0 was paid by shares in Relais and MSEK 73.6 in cash.

Relais paid the share component of the purchase price by issuing in a directed share issue a total 68,118 new Relais Group shares ("Consideration Shares") to the sellers of Skeppsbrons shares. The subscription price of the Consideration Shares was EUR 19.79 per share, which corresponds to the share's trade volume weighted average rate on Nasdaq Helsinki First North's Growth Market for 30 trading days preceding the signing of the Purchase Agreement.

The decision on the directed share issue was based on the share issue authorization granted to the Board of Directors by the Annual General Meeting on 13 April 2022. The directed share issue was organized to develop Relais' business and to finance the Corporate Acquisition, so there was a weighty financial reason for the derogation from the pre-emptive right of the shareholders within the meaning of the Finnish Limited Liability Companies Act.

The Consideration Shares represent 0.38 per cent of Relais shares and votes after the Share Issue. The Consideration Shares entitle to full dividends possibly distributed by Relais and to other distribution of assets as well as carry other shareholder rights in the Company starting from when the Consideration Shares have been entered in the Trade Register and the shareholders' register of the Company. The number of all Relais Group Plc shares after the registration of the Consideration Shares is 18,073,958 shares.

The Consideration Shares are subject to a 12-24 month lock-up period as of their issue as separately agreed. The Consideration Shares were subscribed and paid in connection with the completion of the transaction, and their subscription price is recorded in Relais Group Plc's in the invested unrestricted equity fund.

Relais Group Plc

Board of Directors

Further information:

Relais Group, CEO Arni Ekholm
Tel. +358 40 760 3323
Email: arni.ekholm@relais.fi

Certified advisor:
Evli Plc
Tel. +358 40 579 6210

Nasdaq Helsinki
Financial Supervisory Authority
Key media

Relais Group

Relais Group is the leading consolidator and acquisition platform on the vehicle aftermarket in the Nordic and Baltic countries. We have a sector focus in vehicle life cycle enhancement and related services. We also serve as a growth platform for the companies we own.

We are a profitable company seeking strong growth. We carry out targeted acquisitions in line with our growth strategy and want to be an active player in the consolidation of the aftermarket in our area of operation. Our acquisitions are targeted at companies having a good strategic fit with our group companies.

Our net sales in 2021 was EUR 237.9 (2020: 128.9) million. During 2021, we completed a total of six acquisitions. We employ approximately 950 professionals in six different countries. Our share is listed on Nasdaq Helsinki Ltd's Nasdaq First North Growth Market Finland with the stock symbol RELAIS.



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Sales 2022 263 M 267 M 267 M
Net income 2022 0,95 M 0,96 M 0,96 M
Net Debt 2022 90,4 M 91,6 M 91,6 M
P/E ratio 2022 133x
Yield 2022 2,69%
Capitalization 220 M 224 M 223 M
EV / Sales 2022 1,18x
EV / Sales 2023 1,08x
Nbr of Employees 1 023
Free-Float 31,1%
Duration : Period :
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Mean consensus BUY
Number of Analysts 2
Last Close Price 12,15 €
Average target price 15,00 €
Spread / Average Target 23,5%
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Managers and Directors
Arni Martti-Pekka Ekholm Chief Executive Officer
Pekka Veli Raatikainen Group Chief Financial Officer
Jesper Otterbeck Chairman
Olli-Pekka Juani Kallasvuo Independent Director
Anders Borg Independent Director
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