Relais was this morning out with a new long-term sales target of EUR 500m by the end of 2026 (on pro-forma basis). Based on our M&A simulations, we had expected above EUR 300m top line target by 2024 and hence the EUR 500m target by 2026 is ambitious, although reachable, we think. On organic basis, we have expected EUR 265m sales in 2024. The new sales target is based on recalibrated strategy for 2021-26; the strategy continues to rely on a combination of strong growth through acquisitions and a faster than market average organic growth, while the company aims to accelerate and reinforce its M&A activities.
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