Finland · Delayed Price · Currency is EUR Relais Group Oyj Earnings Call Transcripts
Fiscal Year 2025
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Net sales grew 29% in Q4 and 19% for the year, driven by acquisitions, while organic growth was negative amid a soft market. Profitability was impacted by business mix and non-cash items, but cash flow was strong and leverage increased. Dividend of EUR 0.30 per share proposed.
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Record Q3 net sales and EBITDA were driven by major acquisitions and organic growth, with strong performance in lighting and repair segments. The capital structure was strengthened by a hybrid bond, and an additional dividend was paid. Cautious optimism prevails for continued growth.
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Solid H1 and Q2 performance driven by acquisitions and stable organic growth, with EPS up 5% and ROCI at 12.7%. Strategic expansion in the Nordics and Benelux, strong cash position, and positive outlook for H2 as inventory levels normalize.
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Q1 2025 delivered the second highest Q1 profit ever, with stable sales and improved gross margin, despite a 5% EBITDA decline due to product mix and mild winter. Major acquisitions and a new financing package position the company for transformative growth and a EUR 50 million EBITDA run-rate by year-end.
Fiscal Year 2024
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Record 2024 results with 13% sales growth, 27% EBITDA increase, and 35% EPS rise, driven by strong organic and acquired growth. Repair and Maintenance became a major profit contributor, and private label expansion is underway. Confident outlook for 2025 with focus on disciplined M&A.
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Q3 2024 saw 7% net sales and 6% EBITDA growth, with gross margin rising to 48% and strong organic gains in repair and maintenance. Financial metrics and cash flow improved, acquisitions continued, and the outlook remains stable with a EUR 50 million EBITDA target for 2025.
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Q2 delivered 16% sales growth and 52% EBITDA growth, with strong organic and acquisition-driven expansion. Profitability, cash flow, and key metrics improved, and the outlook for 2024 remains stable, with a focus on new product launches and continued M&A activity.