Kamux will cease its German operations in 2026
The company is closing seven stores and liquidating its inventory. The estimated cost is EUR 12–14 million in the fourth quarter. The strategy will be updated in November.
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Used car retail chain
kamux.comLast updated
In short: Kamux closed its German operations, cut its 2026 outlook, and reported squeezed Q2 margins from weak diesel demand.
The company is closing seven stores and liquidating its inventory. The estimated cost is EUR 12–14 million in the fourth quarter. The strategy will be updated in November.
Higher demand for EVs boosted sales volumes by 8.3%, yet shifting powertrain preferences and lower diesel prices compressed margins.
A webcast and conference call for investors, analysts, and media follows at 11:00 EEST, with CEO Juha Kalliokoski and CFO Enel Sintonen presenting.
Revenue fell by 11.8%, but adjusted operating profit improved despite consumer caution.
Kamux is lowering its outlook for 2026. Kamux estimates that adjusted operating profit for 2026 will decline compared to the previous year. Basis for the outlook update The used car market has remained sluggish...
To strengthen long-term value creation, Kamux Oyj has decided as part of a strategy update to end its operations in Germany. The seven stores operating in Germany will be closed and the stock on hand...
Revenue grew in Q2 2026, but profitability declined due to weak diesel demand and margin pressure. Strong sales growth in Sweden and Germany offset declines...
Investing.com -- Finnish used-car retailer Kamux reported revenue of EUR 219.20 million for the second quarter, an increase of 6.7% compared to the previous year...
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