Relais Group Plc withdraws its earlier guidance regarding 2020 outlook

Relais Group Plc

Company Release 26 March 2020 at 2.00 p.m. EET

Inside information

Because of the Coronavirus situation and the resulting restrictions and declining overall economic development, the market conditions have become very exceptional and, consequently, visibility into future developments has lowered materially. As a result, Relais Group Plc withdraws its earlier guidance on future prospects and refrains from issuing new guidance.

The previous guidance of the company was:

Relais Group's reported net sales and operating profit excluding amortization of goodwill (EBITA) are estimated to grow clearly from the previous year.
 

The withdrawal of the guidance does not affect the company’s growth strategy involving corporate acquisitions which the company aims to pursue actively.

Relais Group Plc

Board of Directors

Further information:

Relais Group, CEO Arni Ekholm

Tel. +358 40 543 1446

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 Plc in brief

Relais Group Plc is an importer and technical wholesaler that actively develops its vehicle spare parts and electrical equipment business in the Nordic and Baltic countries. Relais Group creates added value for its customers by offering vehicle spare parts, electrical equipment, and specialist services throughout the lifecycle of vehicles in a reliable, efficient and timely manner. As a strongly growth-oriented company, Relais Group aims to be an industry forerunner in the vehicle lifecycle enhancement business. The net sales of Relais Group were EUR 98.9 million in 2019. The company employed 258 people across five countries on 31 December 2019.

www.relais.fi