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Disclaimer

Access to the information and documents on this website is restricted for regulatory reasons. You are requested to review the following information and make the following confirmation each time you access this restricted information.

THESE MATERIALS ARE NOT DIRECTED AT OR ACCESSIBLE BY ANY PERSONS LOCATED IN AUSTRALIA, CANADA, HONG KONG, JAPAN, NEW ZEALAND, SOUTH AFRICA, SINGAPORE, THE UNITED STATES OR ANY OTHER JURISDICTION IN WHICH IT WOULD BE UNLAWFUL.

This website and the information contained herein are not intended for, and must not be accessed by, or distributed or disseminated to, persons resident or physically present in the United States, Australia, Canada, Hong Kong, Japan, New Zealand, South Africa or Singapore, and do not constitute an offer to sell or the solicitation of an offer to buy or acquire, any shares, rights or other securities of the Company in the United States, Australia, Canada, Hong Kong, Japan, New Zealand, South Africa, Singapore or any other country in which it would be contrary to the laws and regulations of that country.

These materials are not an offer for sale of securities in the United States. The shares, rights or other securities of the Company referred to on this website have not been and will not be registered under the U.S. Securities Act of 1933, as amended, and may not be offered or sold in the United States absent registration or an applicable exemption from registration thereunder.

Access to the information and documents contained on the following websites may be illegal in certain jurisdictions, and only certain categories of persons may be authorized to access such information and documents. All persons residing outside of the United States, Australia, Canada, Hong Kong, Japan, New Zealand, South Africa or Singapore who wish to have access to the documents contained on this website should first ensure that they are not subject to local laws or regulations that prohibit or restrict their right to access this website, or require registration or approval for any acquisition of securities by them. The Company assumes no responsibility if there is a violation of applicable law or regulations by any person.

This information is only being distributed to and is only directed at (i) persons who are outside the United Kingdom or (ii) to investment professionals falling within Article 19(5) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 (the “Order”) or (iii) high net worth companies, and other persons to whom it may lawfully be communicated, falling within Article 49(2) of the Order (all such persons together being referred to as “relevant persons”). Any investment activity to which this document relates will be only available to, and will be engaged in only with, relevant persons. Any person who is not a relevant person should not act or rely on this document or any of its contents.

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Strategy and objectives

 

Continued profitable growth as part of strategy

 

Continued profitable growth by increasing market share in Kamux’s current markets

Kamux strives to continue its organic growth by increasing its share in all its current main markets in Finland, Sweden and Germany.

  • Opening of new car showrooms and increasing sales at existing car showrooms are part of Kamux’s growth strategy
  • Enlarging the company’s digital footprint is one of the cornerstones of the growth strategy

Offering an excellent customer experience

  • Kamux’s aim is to offer a best-in-class customer experience
  • Kamux wants customers to feel that the sales process is trustworthy and that the customer is served attentively from start to finish
  • Kamux’s aim is to continue the development of integrated services and to improve the service portfolio by introducing different integrated services on the market


Improving profitability

  • In Finland, Kamux focuses on improving its profitability by streamlining operations through constant development of its functions, processes and concept
  • In Sweden and Germany, Kamux focuses on growing its business by gradually improving profitability
  • Kamux aims to utilise benefits of scale to improve profitability, for example in negotiations with external partners
  • Kamux aims to improve profitability by introducing new integrated services


The commitment and motivation of personnel

  • A committed and motivated workforce is the key to success in the competitive automotive retail sector
  • Kamux organises regular training for its sales force
  • Through the incentive scheme, Kamux aims to align the interests of the company and its employees


Financial targets

  • Increase turnover to at least EUR 700 million in 2019
  • Operating profit margin of 4−5% in 2019 and at least 5% in the long term
  • Dividend ratio of at least 30% of the profit for the year

The Board of Directors of the Company annually estimates the balance between the dividend to be distributed and the funds to be used for Kamux’s growth. Based on this assessment, the Board makes a proposal on the amount of dividends to be distributed, which may for any individual year differ significantly from the target level set in the dividend policy.

http://www.kamux.com/en/share-information/dividend/