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Kamux raises its revenue outlook for 2021 to EUR 936-938 million, outlook for adjusted operating profit remains unchanged

21.01.2022

Kamux Corporation       Inside information   January 21, 2022 at 12:30 (EET)           

Kamux raises its revenue outlook for 2021 to EUR 936-938 million, outlook for adjusted operating profit remains unchanged

Kamux updates its outlook for 2021. The company raises its revenue outlook for 2021, while maintaining its outlook for adjusted operating profit unchanged.

The rationale for updating the outlook is the company’s strong growth during the last quarter, the increased average price of sold cars, and the favorable development of Kamux’s car sales in 2021 despite the uncertainty caused by the corona pandemic.

Kamux’s updated outlook for 2021 is as follows:

In 2021, Kamux expects its revenue to be EUR 936-938 million. The company expects its adjusted operating profit to increase from the previous year.

Previously, Kamux expected its revenue to reach EUR 850900 million in 2021 and its adjusted operating profit to increase from the previous year.

For more information:

Juha Kalliokoski, CEO, Tel. +358 40 185 8633

Marko Lehtonen, CFO, Tel. +358 50 575 2006

ir@kamux.fi

Kamux Corporation 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 total of 79 car showrooms in Finland, Sweden and Germany. Since its founding, the company has sold almost 400,000 used cars, 60,657 of which were sold in 2020. Kamux’s revenue reached EUR 724.1 million in 2020. In 2020, Kamux’s average number of employees was 713 in terms of full-time equivalent employees. The shares of Kamux are listed on the Nasdaq Helsinki stock exchange.

www.kamux.com