Kamux Corporation, Press Release, 23.9.2022 at 13:00
HAMEENLINNA, Finland, Sept. 23,
2022 /PRNewswire/ -- Kamux, a company specializing in
used car sales, continues to focus its operations on larger
showrooms in line with its strategy and has closed its showroom in
Wentorf, Germany, opened in 2018.
The Wentorf showroom was closed during the summer 2022 and its
operations have been transferred to the nearby showroom in
Nedderfeld. Personnel from the Wentorf showroom have moved to other
Kamux showrooms operating in the Hamburg metropolitan region and the total
number of Kamux showrooms in Germany is now seven.
"In line with our strategy, we will focus on larger showrooms in
the future and therefore we chose not to exercise our option to
extend the lease agreement for the Wentorf store. A larger showroom
allows us to keep a wide selection of cars on display and also to
differentiate tasks, which supports purchasing activities and
processes related to the inspection and processing of cars. We are
of course constantly looking for attractive new locations in order
to accelerate growth in the German market, as a comprehensive
network of showrooms is an integral part of our 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 with us," says Martin
Verrelli, Kamux's Country Director for Germany.
For further information, please contact:
Martin Verrelli, Country Director
Germany, martin.verrelli@kamux.de
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 76 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.
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