Relais Group Plc has decided on the transition to IFRS reporting

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Relais Group Plc, Company release 25 October 2022 at 9.00 a.m. EEST

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 2021 to 30 June 2022 will be published by approximately 27 October 2022.

Interim Report January-September 2022 will be reported in accordance with IFRS.

Relais Group Plc

Board of Directors

Further information:
Relais Group, CEO Arni Ekholm
Tel. +358 40 760 3323

Certified advisor:
Evli Plc
Tel. +358 40 579 6210

Nasdaq Helsinki
Financial Supervisory Authority
Key media    

Relais Group

Relais Group is a leading consolidator and acquisition platform on the vehicle aftermarket in the Nordic and Baltic countries. We have 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 2021 was EUR 237.8 (2020: 128.9) million. During 2021, we completed a total of six acquisitions. We employ approximately 1,000 professionals in six different countries. The Relais Group share is listed on Nasdaq Helsinki Ltd's Nasdaq First North Growth Market Finland with the stock symbol RELAIS.