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Kamux aims for an ambitious leap of growth towards nearly doubling revenue
Strong revenue growth defines our strategy, which aims for nearly doubling our revenue during 2021―2023. The market offers an attractive opportunity for expansion and growth. Profitability development during the strategy period is built on business growth and scalability.
Kamux’s vision is to be the number one in used car retail in Europe.
The company’s strategic focus areas are:
Omnichannel customer experience and services
Efficient processes and scalability
Utilizing data and leading with knowledge
Developing capabilities and continuous learning
Financial targets 2021―2023
Kamux’s medium-term financial targets are:
The Board of Directors of the Company estimates annually the balance between dividends to be distributed and funds to be used for Kamux’s growth and based on this assessment, makes a proposal on the amount of dividends to be distributed, which may for any single year differ significantly from the target level set in the dividend policy.
Outlook for the year 2021
Kamux raises its revenue outlook for 2021 to EUR 850‒900 million, outlook for adjusted operating profit remains unchanged.
In 2021, Kamux expects its revenue to be EUR 850‒900 million. The company expects its adjusted operating profit to increase from the previous year.
Previously, Kamux expected its revenue to reach EUR 800‒850 million in 2021 and its adjusted operating profit to increase from the previous year.
The uncertainty concerning the continuing of the corona pandemic, virus variants and their effect on the economy in different countries continues, which causes uncertainty regarding Kamux’s outlook for 2021 as well.