HELSINKI, Jan. 21, 2022 /PRNewswire/ -- 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 850-900 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
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