Relais (Q4 review): Stable performance despite challenges - Redeye

Redeye updates its estimates and valuation after Relais’ Q4 2025 report. Adjusted profitability roughly matched our projection, while organic growth was a tad soft at c-2% y/y. Overall, we judge that Relais delivered a decent performance this quarter.

Länk till analysen i sin helhet: https://www.redeye.se/research/1151583/relais-q4-review-stable-performance-despite-challenges?utm_source=finwire&utm_medium=RSS