| Market: Helsinki | Symbol: KAMUX | ISIN: FI4000206750 | Industry: Retail |
Kamux is a retail chain specialized in used cars and related integrated services that has grown rapidly. Kamux combines online shopping with an extensive showroom network to provide its customers with a great service experience anytime, anywhere. Founded in Hämeenlinna, Finland, in 2003, Kamux operates in Finland, Sweden and Germany, and at the end of 2023 the company had 78 showrooms in total. Since its founding, Kamux has sold more than 500,000 used cars and the company’s vision is to be the #1 used car retailer in Europe. The cornerstones of Kamux’s operating model are first-class omnichannel customer service, professional sourcing and sales of used cars, rapid inventory turnover and profitable integrated services. Kamux Corporation is listed on Nasdaq Helsinki Ltd.
Key figures (EUR million) |
2021 | 2022 | 2023 |
|---|---|---|---|
| Revenue | 937.4 | 968.7 | 1,002.1 |
| Gross profit | 101.3 | 94.1 | 102.5 |
| Gross profit as percentage of revenue, % | 10.8 | 9.7 | 10.2 |
| Operating profit (EBIT) | 28.0 | 17.0 | 15.8 |
| Operating profit (EBIT) as percentage of revenue, % | 3.0 | 1.8 | 1.6 |
| Adjusted operating profit* | 31.4 | 17.5 | 18.0 |
| Adjusted operating profit as percentage of revenue, % | 3.3 | 1.8 | 1.8 |
| Revenue from integrated services | 42.8 | 52.9 | 53.0 |
| Revenue from integrated services as percentage of revenue, % | 4.6 | 5.5 | 5.3 |
| Number of cars sold | 68,429 | 62,922 | 68,257 |
| Gross profit per sold car, EUR | 1,480 | 1,495 | 1,502 |
| Sales growth of like-for-like showrooms, % | 19.1 | 0.6 | 2.9 |
| Net debt | 70.4 | 59.1 | 53.8 |
| Inventories | 132.8 | 114.1 | 117.2 |
| Inventory turnover, days | 49.3 | 51.5 | 46.9 |
| Capital expenditures | 7.4 | 3.1 | 1.8 |
| Average number of employees during the period | 848 | 883 | 885 |
| Return on equity (ROE), % | 19.5 | 10.1 | 8.7 |
| Return on investment (ROI), % | 12.5 | 7.2 | 6.6 |
| Equity ratio, % | 47.3 | 53.2 | 51.9 |
| Earnings per share, basic and diluted, EUR | 0.49 | 0.27 | 0.24 |
Note:
*Operating profit adjusted for special items related to strategic planning, legal processes, taxes from previous financial years, own real estate operations and other items, totaling EUR 1.0 million for the fourth quarter of 2023 and totaling EUR 2.2 million for 1−12/2023 (10-12/2022: EUR 0.5 million and 1−12/2022: EUR 0.4 million).
Major shareholders (29/02/2024) |
Shares and votes | % of shares | |
|---|---|---|---|
| 1 | Kalliokoski Juha Antero | 5,368,834 |
13.42 |
| 2 | Danske Invest Finnish Equity Fund | 2,092,898 |
5.23 |
| 3 | Elo Mutual Pension Insurance Company | 1,539,425 |
3.85 |
| 4 | Kalliola Jyri Henrikki | 1,370,800 |
3.43 |
| 5 | Mäkinen Jussi Antero | 1,368,299 |
3.42 |
| 6 | eQ Nordic Small Cap Mutual Fund | 1,259,691 |
3.15 |
| 7 | OP-Finland Small Firms Fund | 1,030,140 |
2.57 |
| 8 | Aktia Capital Mutual Fund | 890,442 |
2.23 |
| 9 | Ilmarinen Mutual Pension Insurance Company | 824,000 |
2.06 |
| 10 | OP-Finland | 723,320 |
1.81 |
