Q1 2026 Relais Group Oyj Earnings Call Transcript

May 13, 2026 / 07:00 AM GMT

Release Date Price: €14.55 (+0.34%)

Transcript

Key Points

Positve

Relais Group PLC (OHEL:RELAIS) reported a net sales growth of 44% in the first quarter of 2026, reaching $119 million, with a 7% organic growth.
The adjusted EBITDA grew by 40% to $12.8 million, including a 16% organic growth, indicating strong profitability improvements.
The company achieved a cash conversion rate of 67%, with operating cash flow increasing to $10.4 million.
Relais Group PLC (OHEL:RELAIS) successfully integrated recent acquisitions, contributing significantly to growth and operational value creation.
The company maintained a solid adjusted EBITDA margin of 10.8%, despite a higher share of commercial vehicle services business.

Negative

The adjusted EBITDA margin slightly decreased compared to the previous year, reflecting a higher share of commercial vehicle services business.
The Swedish market for commercial vehicle services remained somewhat softer, affecting overall demand in that region.
The profitability in the products and solutions segment decreased to 24%, partly due to recent acquisitions impacting operational scalability.
Return on networking capital, capital employed, and equity decreased due to recent acquisitions, with expectations for improvement in the future.
The repair and maintenance market in Sweden has been soft for a longer time, particularly affecting the fleet business.

Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

RELAIS.HE - Relais Group Oyj
Q1 2026 Relais Group Oyj Earnings Call
May 13, 2026 / 07:00AM GMT

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Presentation
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Unidentified_1 [1]
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Good morning, everyone, and welcome to this presentation of Release Group's interim report for the first quarter of 2026. As presenting today is myself, Christian Gebauer, the group's CEO, together with Thomas Ekstrom, the group's CFO.

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Unidentified_2 [2]
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Morning.

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Unidentified_1 [3]
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So we are off to a solid start of the year. In the first quarter, we reported a net sales growth

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