FIN | ENG

Disclaimer

Which country do you reside?

Which country are you physically present?

Forward

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.

By clicking on the link below, I confirm that I have read, understand and agree to comply with all of the restrictions set forth above and that my country of residence and current location is not the United States, Australia, Canada, Hong Kong, Japan, New Zealand, South Africa or Singapore or any other jurisdiction in which such a distribution or such access is unlawful.

I confirm I do not confirm

Kamux combines the Olari and Niittykumpu showrooms in Espoo, Finland

22.08.2022

Kamux Corporation, Press Release, 22.8.2022 at 12:00

Kamux combines the Olari and Niittykumpu showrooms in Espoo, Finland

Kamux, a company specializing in used car sales, continues to focus its operations on larger showrooms in line with its strategy and combines two showrooms operating in Espoo, Finland. The Olari showroom will be merged with the Niittykumpu showroom as of September 1, 2022. Personnel from the Olari showroom will continue with Kamux at Niittykumpu.

“With the lease agreement in Olari ending, this is a natural moment to combine the two showrooms that have been operating close to each other. A large showroom allows us to keep a wide selection of cars on display and offer a broad range of different brands and models to customers who want to touch and feel the cars. Larger showrooms also enable more efficient handling of cars, inspections, repairs, sales preparations and logistics,” says Jani Koivu, Country Director for Finland.

Following the combination of showrooms, Kamux will have 47 showrooms in Finland and a total of 77 showrooms in its three operating countries. A comprehensive network of showrooms is an integral part of Kamux’s cross-selling concept, where the entire range of cars is available in all stores and customers can choose the most suitable way for them to do business. The showroom network also enables test drives and car deliveries to be organized conveniently for customers that choose to do business through digital channels, as well as the in-take of trade-in cars.

For further information, please contact:
Jani Koivu, Country Director for Finland, jani.koivu@kamux.fi
Katariina Hietaranta, Head of Communications & IR, tel. +358 50 557 6765

Kamux Corporation
Communications

Kamux is a retail chain specializing in the sale of 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. In addition to digital channels, the company has a total of 78 car showrooms in Finland, Sweden and Germany. Since its founding, the company has sold over 400,000 used cars, 68,429 of which were sold in 2021. Kamux’s revenue reached EUR 937.4 million in 2021. In 2021, Kamux’s average number of employees was 848 in terms of full-time equivalent employees. Kamux Corporation is listed on Nasdaq Helsinki Ltd.