Kamux Oyj

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.

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.

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.

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.

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.

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.