Pressmeddelanden, rapporter och bolagsmeddelande för Kamux Oyj

Kamux Corporation's Interim Report for Q1 2024 reveals that the company has seen significant growth in both revenue and adjusted operating profit. The used car market has seen positive development in all operating countries, with good sales momentum in Finland and favorable sales volumes in Germany. The company faced challenges in Sweden due to corrective actions related to misconduct, but has successfully recruited new sales personnel. The number of cars sold increased by 5% compared to Q1 2023, with an 8% increase in revenue largely due to Finland. Gross profit grew in all countries. The company's adjusted operating profit for Q1 was EUR 2.7 million, up from EUR 0.8 million in the same period the previous year. Kamux expects its adjusted operating profit for 2024 to exceed its 2023 adjusted operating profit of EUR 18.0 million. Significant events after the reporting period include a decrease in total holding of funds managed by Danske Bank A/S in Kamux Corporation shares, and the departure of the Group’s Chief Sourcing Officer, Juha Saarinen.

Kamux Corporation held its Annual General Meeting on April 18, 2024, where it approved the Annual Accounts for 2023 and discharged the Board of Directors and the CEO from liability. The meeting also approved a dividend payment of EUR 0.17 per share, to be paid in two installments. The Board of Directors was authorized to decide on a new record date and payment date for the second dividend, if necessary. The meeting confirmed the election of seven board members, with Mr. Terho Kalliokoski re-elected as the Chairperson. The meeting also resolved to pay annual compensation to the Chairperson and Board Members, with 40% of the annual fee paid in Kamux Corporation shares. The auditing firm PricewaterhouseCoopers Oy was re-elected as the company's auditor. The meeting also resolved to amend the Articles of Association and authorized the Board to decide on the issuance of a maximum of 4,000,000 shares and the repurchase of a maximum of 2,000,000 Company’s own shares. The minutes of the meeting will be available on the company's website by May 2, 2024.

Kamux Corporation has completed its share repurchase program, buying back 135,000 of its own shares at an average price of EUR 5.8361 per share, totalling EUR 787,875.71. The shares were bought on the Nasdaq Helsinki Ltd. and will be used for the long-term incentive plan for key personnel for 2024-2026 and the Green Lions matching share plan. The company now holds 144,053 of its own shares, approximately 0.36% of all shares. Kamux is a used car retail chain with 77 showrooms across Finland, Sweden, and Germany. The company had a revenue of EUR 1,002 million in 2023.

Kamux Corporation, a retail chain specializing in used cars and integrated services, has announced a share repurchase on the Helsinki Stock Exchange. As a result, the company now holds a total of 133,714 shares including the shares repurchased on April 12, 2024. Kamux, which has a vast showroom network in Finland, Sweden, and Germany, reported a revenue of EUR 1,002 million in 2023. Since its inception in 2003, the company has sold over 500,000 used cars. Kamux Corporation is listed on Nasdaq Helsinki Ltd.

Kamux Corporation announced a share repurchase on 2nd April 2024, buying 8,000 shares at an average price of 5.7684 EUR per share, costing a total of 46,147.20 EUR. This purchase increases Kamux Corporation's holdings to a total of 66,053 shares. Kamux is a retail chain specializing in used cars and related services, with an extensive showroom network in Finland, Sweden, and Germany. The company reported a revenue of EUR 1,002 million in 2023, and has sold over 500,000 used cars since its establishment in 2003.