Relais: CFO stepping down – recruitment process has started - Nordea

Relais’ CFO Pekka Raatikainen is stepping down by the end of June to pursue career outside the company. Relais has started the recruitment process for a new CFO. We were left with impression that there is no drama behind the change of CFO, more of a natural step after the IPO in 2019 and recent transfer of the company to the main list of Nasdaq Helsinki. Relais will report its Q4 on 2 March. For Q4, we are in line with Refinitiv consensus on sales and adjusted EBITA. We expect 2% y/y sales growth (-1% on LFL basis) and virtually flat adjusted EBITA development (-30 bp EBITA margin). Although there is uncertainty over consumer sales, we expect repair and maintenance operations to support development in Q4.

Länk till analysen i sin helhet: https://research.nordea.com/api/reportfileapi?id=816923