Finland's Kamux Q1 revenue misses on sluggish used car market

Kamux Oyj

12/05/2026 07:09

Overview

Finland used car retailer's Q1 revenue fell 11.8% yr/yr, missing analyst expectations

Basic EPS for Q1 improved yr/yr but remained negative

Outlook

Kamux expects 2026 adjusted operating profit to increase from previous year

Result Drivers

WEAK MARKET DEMAND - CEO said used car market was sluggish across all operating countries, with low consumer confidence and caution around large purchases due to economic uncertainty and higher energy and fuel prices

LOWER SALES VOLUME - Revenue declined mainly due to a 6.6% drop in the number of cars sold

IMPROVED PROFITABILITY PER CAR - Gross profit and gross margin per sold car increased despite lower revenue

Company press release: ID:nMFN10GLlx

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Revenue
Miss
EUR 205.10 mln
EUR 218.63 mln (3 Analysts)
Q1 Adjusted EBIT
Miss
-EUR 1 mln
EUR 1.20 mln (2 Analysts)
Q1 Basic EPS
-EUR 0.03
Q1 Capex
EUR 300,000
Q1 EBIT
-EUR 1 mln


Analyst Coverage

The current average analyst rating on the shares is "sell" and the breakdown of recommendations is no "strong buy" or "buy", no "hold" and 2 "sell" or "strong sell"

The average consensus recommendation for the auto vehicles, parts & service retailers peer group is "buy."

Wall Street's median 12-month price target for Kamux Oyj is €1.85, about 8.8% above its May 11 closing price of €1.70

The stock recently traded at 13 times the next 12-month earnings vs. a P/E of 12 three months ago

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)