contentSlug

type

ContentSlug_ContentQuery

slug

ContentPageContentQuery

content

trendingContent

query ContentSlug_ContentQuery(
  $contentSlug: String!
  $type: [ContentType!]
) {
  ...ContentPageContentQuery_13QmVO
}

fragment CompanyDetails_Content on Content {
  __isContent: __typename
  companies {
    name
    description
    pageUrl
    id
  }
}

fragment CompanyTagList on Company {
  pageUrl
  name
  viewerIsFollowing
}

fragment ContentBasicInfo on Content {
  __isContent: __typename
  id
  type
  title
  lang
  companies {
    ...CompanyTagList
    id
  }
  ...PublishingDetails
  ...Reactions
}

fragment ContentMetadata on Content {
  __isContent: __typename
  type
  title
  lang
  pageUrl
  alternatePageUrls: translations {
    __typename
    pageUrl
    lang
  }
  imgUrl
  description
  ... on Video {
    liveTime
    videoUrl
  }
  ... on Webcast {
    liveTime
    videoUrl
  }
}

fragment ContentPageContentQuery_13QmVO on Query {
  content(slug: $contentSlug, type: $type) {
    __typename
    id
    type
    title
    isPremium
    lang
    htmlBody
    companies {
      forum {
        latestPosts {
          ...ForumPosts
        }
      }
      defaultInstrument {
        isin
        id
      }
      id
    }
    slug
    ... on CompanyReport {
      reportUrl
    }
    ... on ThirdPartyCompanyReport {
      reportUrl
    }
    ... on StockExchangeRelease {
      reportUrl
    }
    ...ContentBasicInfo
    ...ContentMetadata
    ...PriceAndRecommendation_Content
    ...CompanyDetails_Content
    ...ReportLink_Content
    ...KeyFigures_Content
  }
  ...TrendingContent_1jQ2Cn
}

fragment ForumPosts on ForumPost {
  text
  likesCount
  url
  author
  postedAt
  authorImgUrl
}

fragment KeyFigures_Content on Content {
  __isContent: __typename
  companies {
    defaultInstrument {
      estimateData {
        modelType
        reportingCurrency
      }
      snapshot {
        transaction {
          date
          actualized {
            year
            quarter
            revenue
            revenueGrowth
            ebitAdjusted
            ebitReported
            ebitda
            enterpriseValue
            epsAdjusted
            dividend
            dividendYield
            sharePrice
          }
          estimates {
            year
            quarter
            revenue
            revenueGrowth
            ebitAdjusted
            ebitReported
            ebitda
            enterpriseValue
            epsAdjusted
            dividend
            dividendYield
            sharePrice
          }
        }
      }
      id
    }
    id
  }
}

fragment PriceAndRecommendation_Content on Content {
  __isContent: __typename
  createdAt
  companies {
    id
    name
    viewerIsFollowing
    defaultInstrument {
      snapshot {
        priceData {
          date
          lastPrice
          tradeCurrency
        }
        transaction {
          date
          recommendation
          targetPrice
        }
        prevTransaction {
          recommendation
        }
      }
      id
    }
  }
}

fragment PublishingDetails on Content {
  __isContent: __typename
  createdAt
  publishers {
    name
    imgUrl
  }
  authors {
    __typename
    id
    name
    slug
    imgUrl
    jobTitle
  }
  ... on Video {
    liveTime
  }
  ... on Webcast {
    liveTime
  }
}

fragment Reactions on Content {
  __isContent: __typename
  id
  reactionGroups {
    reactionType
    reactionsCount
    viewerReacted
  }
}

fragment ReportLink_Content on Content {
  __isContent: __typename
  type
  isPremium
  ... on CompanyReport {
    reportUrl
  }
  ... on ThirdPartyCompanyReport {
    reportUrl
  }
  ... on StockExchangeRelease {
    reportUrl
  }
}

fragment TrendingContent_1jQ2Cn on Query {
  trendingContent(type: ARTICLE) {
    __typename
    id
    title
    lang
    pageUrl
    createdAt
    type
    imgUrl
    companies {
      squareLogoUrl
      id
    }
    authors {
      __typename
      imgUrl
      id
    }
    publishers {
      imgUrl
    }
  }
}


relais-raised-and-extended-his-financing-agreement

__typename

title

isPremium

lang

htmlBody

companies

createdAt

publishers

authors

reactionGroups

pageUrl

translations

imgUrl

description

Co. Head of Research

Petri Gostowski

Relais Group is an importer and wholesaler for the automotive industry. The Group focuses mainly on the development of vehicle electronic equipment for trucks. Examples of products that the company delivers include lighting products, applications for warning lights, lighting and camera systems, as well as other spare parts for heavy vehicles. The largest operations are in the Nordic and Baltic markets, with customers in the aftermarket industry.

Relais Group

The previous financing agreement was due in just over a year, but the new agreement, made well in advance, gives the company a few more chips to carry out acquisitions and extends the maturity of debts. 

Translation: Original published in Finnish on 03/28/2025 at 12:47 pm EET
The previous financing agreement was due in just over a year, but the new agreement, made well in advance, gives the company a few more chips to carry out acquisitions and extends the maturity of debts. These improve the company&#x2019;s ability to implement its strategy and value creation model.
<h2 class="MsoNormal">A new bigger financial agreement</h2>
Relais announced on Friday that it had signed a financing agreement of 140 MEUR with its main bank. The new agreement has a maturity of three years and includes two one-year extension options. The new agreement&#x2019;s maximum amount of 140 MEUR consists of a 110 MEUR multi-currency term loan, a 10 MEUR Revolving Credit Facility, and a 20 MEUR uncommitted term loan facility. According to the company, new facilities will be used for refinancing the existing debt, financing future acquisitions, as well as general business purposes.
<h2 class="MsoNormal">More chips for M&amp;A transactions</h2>
With the new financing arrangement, the company extends the maturity of its debts well in advance as has been customary, as the due date of the previous financing amendment agreement was 4/2026. At the same time, the company is also raising the maximum amount of financing, which was 127 MEUR under the previous agreement. Thus, the company gained some additional chips with the new financing agreement, which we estimate it will use especially for acquisitions in line with its strategy and value creation model. This is also in line with our previous estimates that achieving the company&apos;s financial target (50 MEUR pro forma EBITA by the end of 2025) will require additional debt capacity. However, we note that achieving the target is not an end in itself, but what is essential is the value creation potential of the arrangements made to achieve it. Our latest company report on Relais is available <a href="https://www.inderes.se/research/relais-q424-organic-growth-on-all-fronts">here</a>.
&#xa0;

	2024	25e	26e
Revenue	322.6	330.7	343.9
growth-%	13.5 %	2.5 %	4.0 %
EBIT (adj.)	36.1	34.2	35.5
EBIT-% (adj.)	11.2 %	10.4 %	10.3 %
EPS (adj.)	1.21	1.28	1.33
Dividend	0.50	0.52	0.55
Dividend %	3.7 %	3.7 %	3.9 %
P/E (adj.)	11.36	10.98	10.52
EV/EBITDA	7.49	7.56	7.13

Relais raised and extended his financing agreement

A new bigger financial agreement

More chips for M&A transactions

Relais Group

Key Estimate Figures14.02