Here is Ville Arffman’s analysis of Relais 
The goal is for there to be more relevant acquisition targets in the future than there is time to execute, allowing the company to select the best among them.
Market potential remains significant. In the Nordics alone, there are over 2.2 million commercial vehicles, and the business landscape serving them is highly fragmented. Sweden, Norway, and Denmark, in particular, offer Relais Group room to grow more aggressively than in its domestic market.
Subheadings:
- Cash flow strengthened, return on capital still requires work
- Three business areas with clear profiles
- The acquisition engine scales by business unit
- Investor perspective
Note
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