Kamux Corporation Interim Report
Kamux Saw Strong and Very Profitable Growth - Revenue Growth +13.5% and Adjusted Operating Profit +44.0%
The figures in parentheses refer to the comparison period, i.e. the same period in the previous year, unless stated otherwise.
July-September in brief
- Revenue increased by 13.5%, totaling
- Gross profit increased by 26.3% to
- Adjusted operating profit (EBIT) increased by 44.0% to
- Operating profit (EBIT) increased by 41.1% to
- The number of cars sold increased by 12.2% to 17,285 cars (15,409)
- Like-for-like showroom revenue growth was 3.1% (9.6)
- Earnings per share were
January-September in brief
- Revenue increased by 8.7%, totaling
- Gross profit increased by 13.7% to
- Adjusted operating profit (EBIT) increased by 15.9% to
- Operating profit (EBIT) increased by 19.2% to
- The number of cars sold increased by 9.5% to 44,924 cars (41,037)
- Like-for-like showroom revenue decline was -4.6% (2.8)
- Earnings per share were
- The business acquisition of Autosilta was concluded on
- As published in a stock exchange release on
Key figures
EUR million 7-9/ 7-9/ Change, 1-9/ 1-9/ Change, 1-12/
2020 2019 % 2020 2019 % 2019
Revenue 207.4 182.8 13.5% 525.3 483.1 8.7% 658.5
Gross profit 28.9 22.8 26.3% 67.7 59.6 13.7% 79.6
as percentage of 13.9% 12.5% 12.9% 12.3% 12.1%
revenue, %
Operating profit 12.1 8.6 41.1% 23.8 20.0 19.2% 25.3
(EBIT)
as percentage of 5.8% 4.7% 4.5% 4.1% 3.8%
revenue, %
Adjusted operating 12.4 8.6 44.0% 23.2 20.0 15.9% 25.4
profit*
as percentage of 6.0% 4.7% 4.4% 4.1% 3.9%
revenue, %
Revenue from 9.4 8.6 10.2% 27.0 23.5 14.6% 32.9
integrated services
as percentage of 4.6% 4.7% 5.1% 4.9% 5.0%
revenue, %
Number of cars sold 17,285 15,409 12.2% 44,924 41,037 9.5% 55,432
Gross profit per sold 1,669 1,482 12.6% 1,508 1,452 3.8% 1,437
car, EUR
Sales growth of like 3.1% 9.6% -4.6% 2.8% 6.3%
-for-like showrooms, %
Net debt 45.0 39.9 12.9% 38.5
Inventories 95.2 76.1 25.0% 70.2
Inventory turnover, 50.9 48.2 5.6% 44.5
days
Capital expenditures 1.0 0.6 83.7% 3.3 1.8 83.7% 2.7
Average number of 690 579 19.2% 595
employees during the
period
Return on equity 27.0% 24.9% 25.3%
(ROE), %
Return on investment 15.5% 16.9% 16.7%
(ROI), %
Equity ratio, % 43.4% 44.8% 45.1%
Earnings per share, 0.23 0.16 40.6% 0.45 0.36 25.0% 0.48
basic, EUR
* Operating profit adjusted for special items related to strategy planning, geographical expansion and taxes from previous financial years, totaling
CEO
"With regards to the corona pandemic, the third quarter saw people's shopping behavior and mobility becoming partially normalized while concentrating within domestic borders in all our operating countries. This was reflected in the used car market, which grew in
The purchasing market was challenging in the summer. As new car sales picked up in September, the availability of used cars in the market improved. We systematically increased our inventory towards the end of the third quarter. At the same time, in our purchasing activities, we took into account the seasonal variation typical of the used car sales, where the active sales of the summer season level off towards the end of the year.
The future impacts of the corona pandemic are not yet known, but the year 2020 has demonstrated that
We appointed
Outlook and financial targets
The global corona pandemic and the restrictions and regulations related to it have caused significant changes to
Publication schedule for financial reporting in 2021
Publication schedule for
The Annual Report for 2020 including Financial Statements will be published on week 11/2021.
The Annual General Meeting of
In Hämeenlinna on
The Board of Directors
For more information:
Tel. +358 50 544 5538
Tel. +358 50 575 2006
Tel. +358 400 629 337
https://news.cision.com/kamux/r/kamux-corporation-s-interim-report-for-january-1---september-30--2020,c3236558
https://mb.cision.com/Main/17647/3236558/1334693.pdf
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