Financial targets and dividend policy

On May 17, 2021 Relais set a new net sales target for the long-term strategic planning period extending to 2026. According to this new target, the Company aims to reach pro forma net sales of 500 MEUR by the end of year 2026.


We aim to double our turnover in five years. We aim to grow through a combination of organic growth and acquisitions.

  • Organic growth: We target to continue growing at an average pace exceeding the market growth, which is supported by targeted top-line synergies, e.g. cross-sales between the existing and acquired entities.
  • Based on our management’s view, the overall market has been growing during the recent years at moderate but stable rate of approximately 1–3 percent annually, depending on product category and geography.
  • M&A based growth: Our targets to make 1–2 add-on acquisitions per year.

Dividend policy

Our dividend policy is to target annual dividends that exceed 30 percent of the average comparable profit of the Group, excluding amortization of goodwill, over a business cycle. 

Relais Group Plc
Mannerheimintie 105
00280 Helsinki