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Kamux has updated its medium-term financial targets

29.01.2019

KAMUX CORPORATION   STOCK EXCHANGE RELEASE   29 January 2019 at 08:00

Kamux has updated its medium-term financial targets

The Board of Directors of Kamux Corporation has confirmed the company’s medium-term financial targets for 20192022. 

Kamux’s new medium-term annual financial targets are:

  •  Revenue growth of more than 10%
  •  EBIT margin of at least 4%
  •  Dividend payout at least 30% of profit

Kamux’s earlier medium-term financial target was to increase revenue to at least EUR 700 million in 2019 with an EBIT margin of 4−5% in 2019 and at least 5% in the long term, and to distribute at least 30% of the profit for the year to shareholders as dividends.

Kamux does not provide a short term outlook. 

“The company continues to grow profitably. We are firmly executing our strategy, and our international expansion is moving forward. Our vision is to be the number one used car dealer in Europe,” says Juha Kalliokoski, CEO, Kamux Corporation.

Kamux Corporation

The Board of Directors

For more information:

Juha Kalliokoski, CEO

Tel. +358 50 544 5538

Kamux Corporation is a retail chain specializing in the sale of used cars and related integrated services that has grown rapidly. The first Kamux car showroom started its operations in 2003 in Hämeenlinna, Finland and the company currently has 45 car showrooms in Finland, thirteen in Sweden and four in Germany. Since its founding, the company has sold more than 190,000 used cars, of which 40,957 were sold in 2017. Kamux’s revenue reached EUR 454.9 million in 2017. In 2017, Kamux’s average number of employees was 418 in terms of full-time equivalent employees. The shares of Kamux are listed on Nasdaq Helsinki.

www.kamux.com