Brief: Kamux Outlook For 2023 Unchanged

Kamux Oyj

12/05/2023 07:08

May 12 (Reuters) - Kamux Oyj  KAMUX.HE :
    * OUTLOOK FOR YEAR 2023 UNCHANGED
    * IN FINLAND AND GERMANY, AFTER A SHARP DECLINE, MARKET GREW
CAUTIOUSLY DURING Q1
    * IN SWEDEN, TOTAL MARKET FOR USED CARS WAS ONLY SLIGHTLY
DOWN
COMPARED TO PREVIOUS YEAR
    * DEMAND FOR USED CARS WAS STILL SLUGGISH AND CONSUMER
CONFIDENCE
WAS WEAK DURING Q1
    * REVENUE DECREASED DUE TO DECREASE IN CAR PRICES AND NUMBER
OF
CARS SOLD
    * MEDIUM-TERM FINANCIAL TARGETS ARE TO INCREASE REVENUE BY
OVER
20% ANNUALLY, TO INCREASE ADJUSTED OPERATING PROFIT ANNUALLY
    * MEDIUM-TERM FINANCIAL TARGETS TO REACH AN ADJUSTED
OPERATING
PROFIT MARGIN OF OVER 3.5% AND A RETURN ON EQUITY (ROE) OF OVER
25%

Source text for Eikon:  ID:nWkr4rbxC7 
Further company coverage:  KAMUX.HE 

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