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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Nyhetsuppdatering från Kamux Oyj

Ändring av styrelse/ledning/revisor: Change in Kamux's Group Management Team: Chief People and Sustainability Officer Marjo Nurmi to leave Kamux

Kamux Corporation announced that Marjo Nurmi, the Chief People and Sustainability Officer and a member of the Group Management Team, will leave the company to become an entrepreneur. She will remain in her current role until September 30, 2024, and the search for her successor will begin immediately. CEO Tapio Pajuharju expressed gratitude for her contributions and wished her well. The current members of the Group Management Team include CEO Tapio Pajuharju, CFO Jukka Havia, and several managing directors and officers for different regions and functions. Kamux specializes in preowned cars and has grown rapidly, with 74 showrooms across Finland, Sweden, and Germany. The company reported revenue of EUR 1,002 million in 2023 and is listed on Nasdaq Helsinki Ltd.

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Main Market, Helsinki News

Nyhetsuppdatering från Kamux Oyj

Ändring av styrelse/ledning/revisor: Change in Kamux's Group Management Team: Chief Business Development Officer Vesa Uotila to leave Kamux

Kamux Corporation announced that Chief Business Development Officer Vesa Uotila will leave the company to join Sponsor Capital as a partner. Uotila will remain in his current role until August 7, 2024, and will then serve as an advisor until the end of 2024. CEO Tapio Pajuharju thanked Uotila for his contributions since 2011. The Group Management Team includes Tapio Pajuharju (CEO), Jukka Havia (CFO), Jani Koivu (Managing Director, Kamux Finland), Andy Rietschel (Managing Director, Kamux Sweden), Martin Verrelli (Managing Director, Kamux Germany), Aino Hökeberg (Chief Marketing and Concept Officer), Jarkko Lehtismäki (Chief Digital Officer), Marjo Nurmi (Chief People and Sustainability Officer), Juha Saarinen (Chief Sourcing Officer until July 8, 2024), and Vesa Uotila (Chief Business Development Officer until August 7, 2024). Kamux specializes in preowned cars and related services, combining online shopping with a network of 78 showrooms in Finland, Sweden, and Germany. The company, founded in 2003, has sold over 500,000 used cars and reported a revenue of EUR 1,002 million in 2023. Kamux Corporation is listed on Nasdaq Helsinki Ltd.

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Main Market, Helsinki News

Nyhetsuppdatering från Kamux Oyj

Ändring av styrelse/ledning/revisor: Muutos Kamuxin johtoryhmässä: kehitysjohtaja Vesa Uotila lopettaa Kamuxin palveluksessa
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Main Market, Helsinki News

Nyhetsuppdatering från Kamux Oyj

Flaggningsanmälan: Kamux Corporation: Flagging notification in accordance with Chapter 9, Section 10 of the Securities Markets Act

Kamux Corporation has announced that the total holding of funds managed by OP-Rahastoyhtiö Oy in Kamux Corporation shares and votes has exceeded 5% as of May 20, 2024. The increase was due to the acquisition of shares or voting rights. Kamux Corporation is a retail chain specializing in pre-owned cars and related services, with 77 showrooms in Finland, Sweden, and Germany. In 2023, the company sold 68,257 used cars and reported a revenue of EUR 1,002 million.

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Main Market, Helsinki News

Nyhetsuppdatering från Kamux Oyj

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

On 21st May 2024, Kamux Corporation announced a transaction involving Maren Kroll, a member of the board. Kroll received a share-based incentive of 2135 shares, with a unit price of 0.00 EUR. Kamux is a retail chain specializing in preowned cars and related services, with 77 showrooms in Finland, Sweden, and Germany. In 2023, the company sold 68,257 used cars, generating a revenue of EUR 1,002 million. The company employs an average of 885 full-time equivalent employees and is listed on the Nasdaq Helsinki Ltd.

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Main Market, Helsinki News

Nyhetsuppdatering från Kamux Oyj

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

On 21st May 2024, Kamux Corporation announced a share-based incentive received by Juha Kalliokoski, a member of the board. The transaction involved 2135 shares at a unit price of 0.00 EUR. Kamux, a preowned car retail chain, operates both online and through 77 physical showrooms in Finland, Sweden, and Germany. The company, which was founded in 2003, sold over 500,000 used cars by 2023, including 68,257 in that year alone. In 2023, Kamux reported revenues of EUR 1,002 million and employed an average of 885 full-time equivalent employees. Kamux Corporation is listed on Nasdaq Helsinki Ltd.

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Main Market, Helsinki News

Nyhetsuppdatering från Kamux Oyj

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

On May 21, 2024, Kamux Corporation announced a transaction involving a member of their board, Jaana Viertola-Truini. The transaction involved the receipt of a share-based incentive with a volume of 2135 shares, each with a unit price of 0.00 EUR. Kamux is a retail chain specializing in preowned cars and integrated services. The company, which combines online shopping with a network of 77 showrooms in Finland, Sweden, and Germany, reported a revenue of 1,002 million EUR in 2023.

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Main Market, Helsinki News

Nyhetsuppdatering från Kamux Oyj

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

On 21st May 2024, Kamux Corporation reported a transaction involving Antti Mäkelä, a member of the board. The transaction was the receipt of a share-based incentive, with Mäkelä receiving 2,135 shares at no cost. Kamux Corporation is a retail chain specializing in preowned cars and related services, operating in Finland, Sweden, and Germany. In 2023, the company sold 68,257 used cars, bringing its total sales since 2003 to over 500,000. Kamux's 2023 revenue was EUR 1,002 million.

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Main Market, Helsinki News

Nyhetsuppdatering från Kamux Oyj

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

Kamux Corporation, a retail chain specializing in pre-owned cars, announced a share-based incentive received by Kati Riikonen, a member of the board. The transaction took place on May 20, 2024. Riikonen received 2,135 shares at a unit price of 0.00 EUR. Kamux, which operates 77 showrooms across Finland, Sweden, and Germany, reported a revenue of EUR 1,002 million in 2023. The company, founded in 2003, has sold over 500,000 used cars and employs an average of 885 full-time equivalent employees.

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Main Market, Helsinki News

Nyhetsuppdatering från Kamux Oyj

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

On May 21, 2024, Kamux Corporation reported a transaction involving Harri Sivula, a member of the Board/Deputy member. The transaction was an initial notification and involved the receipt of a share-based incentive. Sivula received 2135 shares at a unit price of 0.00 EUR. Kamux Corporation, a retail chain specializing in preowned cars and related services, operates 77 showrooms in Finland, Sweden, and Germany. The company reported a revenue of EUR 1,002 million in 2023, with an average of 885 full-time equivalent employees.