Aktieanalys

Relais: Accelerating growth strategy - Nordea

Nordea Publicerad: 03 Mar 2023 07:23

Q4 2022 adjusted EBITA was slightly below our expectations despite sales and gross profit being in line. Sales mix was burdened by weak consumer demand in Finland, while B2B lighting sales remained stable. Online business operating costs also increased y/y. More importantly, Relais targets EUR 50m adjusted EBITA by 2025 on a pro forma basis. The company has accelerated its growth plans, as it previously targeted a top line of EUR 500m by 2026. Based on DCF- and multiples based valuation, we derive a fair value range of EUR 16.1-19.7 (15.7-19.2). Marketing material commissioned by Relais Group Oyj.

Länk till analysen i sin helhet: https://research.nordea.com/api/reportfileapi?id=826786

Nyheter om Relais Group

Läses av andra just nu

Innehåller annonslänkar. Investeringar innebär risk (se här)

Tips: 50% rabatt hos fondroboten Opti

Dags att komma igång med sparande? Fondroboten Opti erbjuder en populär spartjänst som är perfekt för regelbundet månadssparande. Just nu får nya kunder som använder Börskollens unika kampanjkod BORSKOLLEN50 automatiskt 50 % rabatt på Optis avgift i 3 månader!