Half Year 2026 Kamux Oyj Earnings Call Transcript

Aug 12, 2026 / 08:00 AM GMT

Release Date Price: $12.17

Transcript

Key Points

Positve

Kamux Corp (OHEL:KAMUX) grew both the number of cars sold and revenue in Q2 despite a declining market in all operating countries.
The company reclaimed its position as the largest seller of used cars in Finland in terms of units sold for both the quarter and the first half of the year.
Sweden showed strong performance with a significant increase in car sales volume, revenue growth of 40%, and improved gross margin.
Customer satisfaction remained excellent, with a group NPS of 66 and Finland reaching 70 in June.
The company maintained a solid financial position with a lower net debt of EUR49.5 million, an equity ratio close to 50%, and improved inventory turnover days.

Negative

Gross margin decreased from EUR24 million to EUR20.8 million, primarily due to lower margins on diesel cars caused by a sudden drop in demand.
Adjusted EBIT fell to EUR0.6 million, breaking a trend of four consecutive quarters of improved margins.
The used car market contracted in all operating countries, with Finland down 2.4%, Sweden down 1.4%, and Germany down 3.2%.
Germany continued to face challenges, with profitability remaining low and the closure of two showrooms in the Hamburg area due to long-term negative operating results.
Penetration rates for integrated services declined in Finland, and the company's overall integrated services revenue slightly decreased.

Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

KAMUX.HE - Kamux Oyj
Half Year 2026 Kamux Oyj Earnings Call
Aug 12, 2026 / 08:00AM GMT

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Presentation
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Unidentified_1 [1]
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Good morning. My name is Katarina Hetaranta, and I would like to welcome you to Kamuxi's quarter two results webcast.

Our CEO, Juha Kaliakowski and CFO, NS Internet shall present the results first, after which we shall have a Q&A session.

For the Q&A, we shall first take questions via the teleconference and then move over to the chat line in the webcast.

Please go ahead, Juha.

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Unidentified_2 [2]
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Thank you, Katarina.

Good morning.

Let's get started.

Here is our agenda for today.

As usual, we

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