The Finnish car retailer Kamux has lowered its full-year outlook, according to a press release.
The company now expects its adjusted operating profit to be worse than last year, after initially projecting an improvement.
According to Kamux, the downgrade is due to car sales falling short of expectations. This is reflected in third-quarter results, with 15,644 cars sold compared to 18,484 during the same period last year.
Based on preliminary figures, adjusted operating profit for the third quarter amounted to between 4.0 and 4.5 million euros.
The full report will be published on November 11.
