On initial take, we believe consensus to make only limited estimate revisions on the back of the Q2 for 2023E-25E.
Aktuellt
SENASTE
Relais reported Q2 adjusted EBITA of EUR 4.8m, 3% below Refinitiv consensus and 13% below our estimate. Net sales were EUR 64.1m (up 9% y/y), 1% above Refinitiv consensus and 2% above our estimates. EBITA was burdened by EUR 0.3m by weak SEK and NOK. Q2 sales growth was driven by both repair and maintenance business (+11% y/y organic growth) and technical wholesale and products business (+10% y/y organic growth). Sales increased 7% y/y in Scandinavia, while sales were up 12% y/y in Finland-Baltics, reflecting acquisitions. Sluggish consumer demand in on-line business continued.
LÄS MER
