Q1 2025 Kamux Oyj Earnings Call Transcript
Key Points
- Kamux Corp (FRA:4K8) maintained a strong cash flow by selling less fitting cars, preparing for the upcoming season.
- The company achieved a Net Promoter Score (NPS) of 60, aligning with their long-term target.
- Kamux Corp's integrated services performed well despite a drop in volume, indicating resilience in this segment.
- The company is actively managing its inventory, aiming for a better fit with market demand, particularly focusing on lower average price points.
- Kamux Corp is expanding its showroom network, with a new mega-sized showroom planned in Jyvaskyla, Finland, and a new location in Schwerin, Germany.
- Kamux Corp experienced a significant dent in both gross profit and adjusted operating profit due to lower margins on car sales.
- The Swedish market saw a 26% drop in volume, with Kamux Corp now ranking in the Top 8, indicating a loss of market position.
- The company faced challenges in sourcing entry-level combustion engine cars, impacting sales and profitability.
- Kamux Corp's performance in Sweden is under review, with several stores not meeting benchmarks, leading to potential closures.
- The company has struggled with the valuation of electric vehicles (EVs) and hybrids, affecting inventory management and profitability.
Hello. Welcome to Kamux's Quarter 1 Results Presentation. We shall first have Tapio Pajuharju, our CEO, presenting the results and thereafter, we shall take a Q&A session. And to begin with, we'll take questions from the teleconference line and then continue via the chat and with the audience here at the studio. Thank you. Go ahead, Tapio, please.
Welcome on board. I think the headline tells lot about it. Not one of our strongest quarters and I think I will share on the journey what has happened and where we are heading and just bear with me. All in all, I think we'll have a look on the first quarter, then we'll have a look on the market position, then look at the network development, then we'll go through country by country, what we've been doing, how we've been implementing strategy, then we'll have a look on the financials and then we'll have a look on the long-term targets and the
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