Kamux Q2 revenue rises as car sales grow
Kamux Q2 revenue rises as car sales grow
Overview
Finland used car retailer's Q2 revenue grew 6.7% yr/yr as cars sold increased
Q2 gross profit and adjusted EBIT declined sharply due to weak diesel demand and margins
Company expects adjusted operating profit for 2026 to increase from previous year
Outlook
Kamux expects 2026 adjusted operating profit to increase from previous year
Company says used car market remains sluggish across all operating countries
Kamux notes demand for electric cars is strengthening, while diesel car demand weakens
Result Drivers
DIESEL DEMAND SHIFT - Co said rapid decline in diesel car prices and margins due to higher fuel prices and weak demand significantly weakened profitability
EV DEMAND - Demand for electric cars strengthened in Finland and Sweden, but growth did not offset weakness in diesel segment
INVENTORY TURNOVER FOCUS - Co said emphasis on inventory turnover supported increase in cars sold despite challenging market
Company press release: ID:nMFNmfqwQ
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q2 Revenue | Slight Beat* | EUR 219.20 mln | EUR 217.85 mln (2 Analysts) |
Q2 Adjusted EBIT | Miss | EUR 600,000 | EUR 1.95 mln (2 Analysts) |
Q2 Basic EPS |
| EUR 0 |
|
Q2 Capex |
| EUR 100,000 |
|
Q2 EBIT |
| EUR 300,000 |
|
*Applies to a deviation of less than 1%; not applicable for per-share numbers.
Analyst Coverage
The current average analyst rating on the shares is "sell" and the breakdown of recommendations is no "strong buy" or "buy", no "hold" and 2 "sell" or "strong sell"
The average consensus recommendation for the auto vehicles, parts & service retailers peer group is "buy."
Wall Street's median 12-month price target for Kamux Oyj is €1.60, about 0.4% below its August 11 closing price of €1.61
The stock recently traded at 16 times the next 12-month earnings vs. a P/E of 13 three months ago
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For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.
(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)