Kamux Oyj

Ticker/ISIN
KAMUX
FI4000206750
Marknad/Land
Main Market, Helsinki
Sweden

Senaste sammanfattade pressmeddelande från Kamux Oyj

Kamux Corporation announced the establishment of a performance matching share plan for key employees, covering the years 2025 to 2029. The plan aims to align the interests of shareholders and key employees to increase the company's long-term value by encouraging employees to invest in Kamux shares and achieve strategic objectives. The plan includes three performance periods: 2025-2027, 2026-2028, and 2027-2029. Rewards, paid partly in shares and partly in cash, depend on performance and personal investment, with conditions for holding shares based on salary. The first period targets 40 key employees, including management, with potential rewards of up to 980,000 shares. Additionally, a separate matching share plan for 2025-2027 targets 70 rising key employees, not including management, with rewards of up to 260,000 shares. Kamux, a retail chain specializing in preowned cars, operates showrooms in Finland, Sweden, and Germany and is listed on Nasdaq Helsinki.
Kamux Corporation, a company specializing in preowned cars and integrated services, has announced several key appointments. Sebastian Janik has been named Group Purchasing Director, responsible for leading Kamux Group's international purchasing team and Kamux Germany's purchasing operations. Janik, who previously worked at Autoland AG, will be based in Hamburg, Germany. Michael Ungerer has been appointed Head of Sales at Kamux Germany and joins the German Management Team. Ungerer, with a background at Gottfried Schultz Automobilhandels SE, will also be based in Hamburg. Joni Tuominen has been named Chief Operating Officer and Development Officer of Kamux Finland, joining the Finnish Management Team. Tuominen, previously with Rapala VMC, will be based in Espoo, Finland. Kamux CEO Tapio Pajuharju expressed confidence in the new appointments, highlighting their extensive industry experience. Kamux, which combines online and showroom sales, operates 69 car showrooms across Finland, Sweden, and Germany, and sold over 68,000 cars in 2023. The company is listed on Nasdaq Helsinki Ltd.
Kamux Corporation, a company specializing in preowned cars and related services, is optimizing its showroom network. In Finland, Kamux is strengthening its presence in the greater Helsinki area by opening a new showroom in Herttoniemi, Helsinki, while closing showrooms in Jämsä and Helsinki Konala by year-end. The Ylivieska showroom has been integrated with a new location in Kokkola. In Sweden, showrooms in Gävle and Uppsala have been closed. The Herttoniemi showroom, aligned with Kamux's updated concept, will open at the end of the year, accommodating nearly 200 cars. In Central Finland, Kamux will focus on its Jyväskylä showroom, and in Northern Ostrobothnia, the new Kokkola showroom will accommodate around 170 cars. Kamux's omnichannel approach allows customers to choose how they engage with the company, offering test drives and car deliveries even for those using digital channels. Kamux operates 70 showrooms across Finland, Sweden, and Germany, and is listed on Nasdaq Helsinki. In 2023, Kamux sold over 68,000 cars and reported revenue of EUR 1,002 million.
Kamux Corporation has revised its financial outlook for 2024, lowering its expected adjusted operating profit to EUR 11–13 million from the previous forecast of EUR 15–17 million. This adjustment is due to weaker-than-expected car sales and a significant reduction in profit margins caused by a challenging market environment across all its operating countries. The company, which specializes in retailing preowned cars, has faced pressure on purchase and sales prices, leading to a shortfall in sales volumes and decreased average margins. Kamux operates 71 showrooms in Finland, Sweden, and Germany, and integrates online shopping with its physical locations. In 2023, Kamux sold over 68,000 used cars, generating revenue of EUR 1,002 million, and employed an average of 885 full-time equivalent employees. Kamux Corporation is listed on Nasdaq Helsinki Ltd.
Kamux Corporation has secured a new EUR 50 million long-term debt facility with Nordea Bank Abp, replacing its previous credit facility maturing in March 2025. The new agreement includes a EUR 20 million term loan and a EUR 30 million revolving credit facility, with a 36-month maturity and options for 12 or 24-month extensions. The funds will support general corporate and net working capital needs. Initially, EUR 10 million of the term loan and EUR 12 million of the revolving credit facility will be used. This facility is linked to sustainability targets related to carbon emissions and customer satisfaction, impacting the interest margin. It also includes covenants on equity ratio and Net Debt to EBITDA. Additionally, there is an uncommitted EUR 20 million accordion facility for potential growth, pending a separate credit decision. Kamux specializes in preowned cars, combining online and showroom sales, with 71 locations in Finland, Sweden, and Germany. In 2023, Kamux sold over 68,000 cars, generating EUR 1,002 million in revenue, and employed 885 full-time equivalent employees. Kamux is listed on Nasdaq Helsinki Ltd.
Kamux Corporation has appointed Johan Kempas as Managing Director of Kamux Sweden and a member of the Group Management Team. Kempas, who will start by January 1, 2025, will be based in Upplands Väsby, Stockholm, and report to CEO Tapio Pajuharju. Kempas has over 30 years of experience in the automotive industry, previously serving as Managing Director of Hedin Automotive's Ford sales in Sweden, among other roles. CEO Tapio Pajuharju expressed confidence in Kempas's ability to lead Kamux's Swedish operations. Aino Hökeberg will continue as acting Managing Director until Kempas begins, after which she will return to her role as Chief Marketing and Concept Officer. The Group Management Team includes Tapio Pajuharju, Jukka Havia, Johan Kempas, Jani Koivu, Martin Verrelli, Aino Hökeberg, Jarkko Lehtismäki, and Altti Väisänen. Kamux is a retail chain specializing in preowned cars, with 71 showrooms in Finland, Sweden, and Germany, and reported a revenue of EUR 1,002 million in 2023. Kamux Corporation is listed on Nasdaq Helsinki Ltd.
Jukka Havia, the CFO of Kamux Corporation and a member of its Group Management Team, has announced his resignation to join another employer, effective until early May 2025. The company will begin recruiting for a new CFO immediately. CEO Tapio Pajuharju expressed gratitude for Havia's contributions and wished him success in his future endeavors. The current members of the Group Management Team include Tapio Pajuharju (CEO), Jukka Havia (CFO until May 2025), Jani Koivu, Martin Verrelli, Aino Hökeberg, Jarkko Lehtismäki, and Altti Väisänen. Kamux Corporation is a rapidly growing retail chain specializing in preowned cars, combining online shopping with a network of 71 showrooms across Finland, Sweden, and Germany. Founded in 2003 in Hämeenlinna, Finland, Kamux has sold over 500,000 used cars, with 68,257 sold in 2023. The company reported a revenue of EUR 1,002 million in 2023 and employed an average of 885 full-time equivalent employees. Kamux Corporation is listed on Nasdaq Helsinki Ltd.
Kamux Corporation released its Interim Report for January 1 to September 30, 2024. The report indicates a challenging third quarter, with difficulties in Sweden affecting overall performance despite positive results in Finland and Germany. The company's revenue fell below the previous year's period, with a decline in gross profit due to Sweden's negative performance. Adjusted operating profit for the third quarter was EUR 5.5 million, down from EUR 7.1 million in the previous year. Operating cash flow for January to September was EUR -12.1 million, impacted by increased inventory in Finland. Kamux has made strategic changes, including organizational adjustments in Sweden and investments in its omnichannel strategy. The company acquired Swedish Webcars Logistics AB to enhance its car sourcing and logistics capabilities. Kamux lowered its 2024 profit outlook to EUR 15–17 million, down from an earlier estimate of exceeding 2023's EUR 18.0 million profit, due to underperformance in Sweden. The Shareholders’ Nomination Board proposed re-elections for the Board of Directors for the 2025 Annual General Meeting, with no changes in compensation. Kamux plans to publish its Annual Report for 2024 in April 2025 and hold its AGM on May 22, 2025. A news conference was scheduled for November 8, 2024, to discuss the report. Kamux specializes in preowned cars and operates in Finland, Sweden, and Germany, with a significant online and showroom presence.

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Nyheter för investerare: Kamux acquires Webcars Logistics AB, a company specializing in purchase, logistics and export of used cars

Kamux Corporation, an omni-channel company specializing in preowned cars, has acquired Swedish Webcars Logistics AB. This acquisition enhances Kamux's ability to source cars efficiently and improves car logistics. Webcars, established in 2016, focuses on purchasing, logistics, and exporting used cars, with a 2023 revenue of approximately EUR 28 million and six employees who will join Kamux. The company, which buys and sells 2,500–3,000 cars annually, will continue to operate independently under Kamux, serving existing customers and being part of Group functions. Kamux CEO Tapio Pajuharju highlighted the strategic importance of efficient car sourcing and logistics, expressing optimism about growth potential and collaboration with Webcars. Kamux, founded in 2003 in Finland, has sold over 500,000 used cars and operates 71 showrooms in Finland, Sweden, and Germany. In 2023, Kamux reported a revenue of EUR 1,002 million and employed 885 full-time equivalent employees. Kamux is listed on Nasdaq Helsinki Ltd.

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Insiderinformation: Sisäpiiritieto, tulosvaroitus: Kamux laskee vuoden 2024 näkymiään
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Insiderinformation: Inside information, profit warning: Kamux lowers its outlook for the year 2024

Kamux Corporation has issued a profit warning, lowering its 2024 outlook due to lower-than-expected sales and an operating loss in Sweden during the third quarter. The company now anticipates an adjusted operating profit of EUR 15–17 million for 2024, down from its previous expectation of exceeding the 2023 profit of EUR 18.0 million. The revision is attributed to the impact of corrective actions related to misconduct detected in Sweden in late 2023, which affected sales. Sweden's third-quarter revenue fell to approximately EUR 45 million from EUR 57.3 million in the same period in 2023, leading to a negative operating profit in the region. Kamux expects improvements in productivity and efficiency in Sweden to benefit profitability in 2025. Kamux will release its interim report for January–September 2024 on November 8, 2024. Kamux is a retail chain specializing in preowned cars, with 71 showrooms across Finland, Sweden, and Germany, and is listed on Nasdaq Helsinki Ltd.

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Finansiell kalender: Kamux Corporation's financial reporting and AGM in 2025

Kamux Corporation has announced its financial reporting schedule and Annual General Meeting (AGM) for 2025. The Annual Report for 2024, including Financial Statements, will be published in the week commencing April 21, 2025. The AGM is scheduled for May 22, 2025, with the Board of Directors to summon the meeting at a later date. Shareholders wishing to propose matters for the AGM agenda must submit written requests by April 1, 2025. Kamux is a rapidly growing retail chain specializing in preowned cars, combining online shopping with a network of 72 showrooms in Finland, Sweden, and Germany. The company, founded in 2003, sold over 500,000 used cars by 2023 and reported a revenue of EUR 1,002 million for that year. Kamux Corporation is listed on Nasdaq Helsinki Ltd. For further information, contact Katariina Hietaranta, Head of Communications & IR.

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Finansiell kalender: Kamux Oyj:n taloudelliset katsaukset ja yhtiökokous vuonna 2025
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Ändring av styrelse/ledning/revisor: Altti Väisänen appointed as Kamux's Director, Business Development

Kamux Corporation has appointed Altti Väisänen as Director of Business Development, Car Flow & Data, effective October 10, 2024. Väisänen will be part of the Group Management Team and will report to CEO Tapio Pajuharju. He will oversee the company's car-related presales processes, strategy implementation, and data activities. Väisänen previously worked at the Massachusetts Bay Transportation Authority and has held various roles in the automotive and logistics sectors. CEO Pajuharju expressed confidence in Väisänen's experience and customer-centric approach. Väisänen looks forward to contributing to Kamux's growth and strategy execution. Kamux is a retail chain specializing in preowned cars, with 73 showrooms in Finland, Sweden, and Germany, and had a revenue of EUR 1,002 million in 2023.

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Ändring av styrelse/ledning/revisor: Altti Väisänen nimitetty Kamuxin kehitysjohtajaksi
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Transaktioner utförda av personer i ledande ställning: Kamux Oyj - Managers' Transactions

Kamux Corporation reported managers' transactions involving Terho Kalliokoski, a member of the board, on September 9, 2024. Kalliokoski acquired shares of Kamux Oyj across various venues, with the following details: - Venue CEUX: 237 shares at 3.83 EUR each - Venue AQEU: 262 shares at 3.825 EUR each - Venue DHEL: 3558 shares at 3.83 EUR each - Venue NASDAQ Helsinki Ltd (XHEL): 1943 shares with a volume-weighted average price of 3.82729 EUR Kamux is a retail chain specializing in preowned cars, combining online shopping with a network of 73 showrooms in Finland, Sweden, and Germany. Founded in 2003, Kamux sold over 500,000 used cars by 2023, generating a revenue of EUR 1,002 million with an average of 885 full-time equivalent employees. Kamux Corporation is listed on Nasdaq Helsinki Ltd.

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Transaktioner utförda av personer i ledande ställning: Kamux Oyj - Johdon liiketoimet
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Transaktioner utförda av personer i ledande ställning: Kamux Oyj - Managers' Transactions

Kamux Corporation reported a transaction involving its Chief Executive Officer, Tapio Pajuharju, on September 10, 2024. Pajuharju acquired shares of Kamux Oyj on Nasdaq Helsinki Ltd, with a total volume of 5,250 shares at a volume-weighted average price of 3.83 EUR per share. Kamux, a rapidly growing retail chain specializing in preowned cars and related services, combines online shopping with a network of 73 showrooms in Finland, Sweden, and Germany. Founded in 2003 in Hämeenlinna, Finland, Kamux sold over 500,000 used cars by 2023, with a revenue of EUR 1,002 million and an average of 885 full-time equivalent employees. Kamux Corporation is listed on Nasdaq Helsinki Ltd.