Relais Group Plc has decided on the transition to IFRS reporting
Relais Group Plc, Company release 20 December 2021 at 1.50 p.m. EET
Relais Group Plc has decided on the transition from Finnish Accounting Standards (FAS) to apply the International Financial Reporting Standards (IFRS) in its financial reporting. Relais Group Plc will publish its first consolidated financial statements prepared in accordance with IFRS for the financial year ended 31 December 2021. Comparative financial information is presented for the financial year ended 31 December 2020 and the transition date for IFRS reporting is 1 January 2020. Relais Group Plc has previously prepared its financial statements, the management's interim statement and half-year financial reports in accordance with Finnish accounting standards.
Quarterly financial comparative information prepared in accordance with IFRS for the period from 1 January 2020 to 30 September 2021 will be published by approximately 25 February 2022.
Relais Group Plc
Board of Directors
Further information:
Relais Group Plc,
CEO Arni Ekholm
tel. +358 40 760 3323
Email: arni.ekholm@relais.fi
Certified advisor:
Evli Bank Plc, tel. +358 40 579 6210
Distribution:
Nasdaq Helsinki
Key media
www.relais.fi
Relais Group
Relais Group is the leading consolidator and acquisition platform on the vehicle aftermarket in the Nordic and Baltic countries. We are an industrial operator with a sector focus in vehicle life cycle enhancement and related services. We also serve as a growth platform for the companies we own. We are a profitable company seeking strong growth. We carry out targeted acquisitions in line with our growth strategy and want to be an active player in the consolidation of the aftermarket in our area of operation. Our acquisitions are targeted at companies having a good strategic fit with our group companies.
Our net sales in 2020 was EUR 128.9 (2019: 98.9) million and we employed almost 300 professionals in six different countries. During 2021, we have already completed five acquisitions. The combined net sales of the acquired companies total to approximately EUR 114.5 million. Following the acquisitions, we employ approximately one thousand professionals. Our share is listed on Nasdaq Helsinki Ltd's Nasdaq First North Growth Market Finland with the stock symbol RELAIS.