Relais (Q4 initial take): Solid profitability, softer organic growth - Redeye

Redeye provides its initial take on Relais’ Q4 2025 report, which featured an adjusted EBITA that aligned with our projection but a slightly soft organic growth amid a challenging market situation. Top line slightly missed our estimate due to lower-than-expected Technical Wholesales & Products sales. Nevertheless, we judge Relais posted solid adjusted margins this quarter.

Länk till analysen i sin helhet: https://www.redeye.se/research/1150093/relais-q4-initial-take-solid-profitability-softer-organic-growth?utm_source=finwire&utm_medium=RSS