Reported Earnings • May 13
First quarter 2026 earnings released: €0.03 loss per share (vs €0.10 loss in 1Q 2025) First quarter 2026 results: €0.03 loss per share (improved from €0.10 loss in 1Q 2025). Revenue: €205.6m (down 12% from 1Q 2025). Net loss: €1.30m (loss narrowed 68% from 1Q 2025). Revenue is forecast to grow 3.6% p.a. on average during the next 3 years, compared to a 5.7% growth forecast for the Specialty Retail industry in Europe. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 42 percentage points per year, which is a significant difference in performance. Announcement • Apr 25
Kamux Corporation Announces Changes to Its Board Kamux Corporation at its Annual General Meeting held on April 23, 2026, announced the appointment of Teemu Kangas-Kärki (Chairperson), Kati Riikonen and Jaana Viertola-Truini as members of the Audit Committee and appoint Maren Kroll (Chairperson), Terho Kalliokoski and Jaana Viertola-Truini as members of the Personnel and Remuneration Committee. Reported Earnings • Mar 27
Full year 2025 earnings: EPS misses analyst expectations Full year 2025 results: €0.058 loss per share (down from €0.12 profit in FY 2024). Revenue: €875.9m (down 13% from FY 2024). Net loss: €2.30m (down 150% from profit in FY 2024). Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates. Revenue is forecast to grow 2.6% p.a. on average during the next 3 years, compared to a 5.8% growth forecast for the Specialty Retail industry in Europe. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 38 percentage points per year, which is a significant difference in performance. Declared Dividend • Mar 26
Dividend reduced to €0.05 Dividend of €0.05 is 29% lower than last year. Ex-date: 22nd October 2026 Payment date: 30th October 2026 Dividend yield will be 3.0%, which is higher than the industry average of 2.5%. Sustainability & Growth Dividend is being paid despite the company being loss-making over the last 12 months. However, the dividend is well covered by cash flows (4% cash payout ratio). The dividend has decreased over the past 86 years, indicating a lack of growth and stability in payments. New Risk • Mar 03
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Finnish stocks, typically moving 5.4% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Paying a dividend despite being loss-making. Share price has been volatile over the past 3 months (5.4% average weekly change). Market cap is less than US$100m (€68.0m market cap, or US$78.8m). Recent Insider Transactions • Mar 03
Founder recently bought €219k worth of stock On the 26th of February, Juha Kalliokoski bought around 125k shares on-market at roughly €1.76 per share. This transaction amounted to 5.9% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Despite this recent buy, Juha has been a net seller over the last 12 months, reducing personal holdings by €6.5m. Price Target Changed • Feb 26
Price target decreased by 7.8% to €1.88 Down from €2.03, the current price target is an average from 2 analysts. New target price is 5.9% above last closing price of €1.77. Stock is down 31% over the past year. The company is forecast to post earnings per share of €0.11 next year compared to a net loss per share of €0.06 last year. New Risk • Feb 09
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: €83.6m (US$99.4m) This is considered a minor risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Minor Risks Paying a dividend despite being loss-making. Market cap is less than US$100m (€83.6m market cap, or US$99.4m). Announcement • Jan 02
Kamux Oyj Announces Resignation Of Joanna Clark as Chief People Officer, Effective End Of March 2026 Kamux Oyj announced that Joanna Clark, Chief People Officer and a member of the Group Management Team, has decided to leave Kamux to join another employer. She will continue in her current position until the end of March 2026. The recruitment process for the new Chief People Officer will be started immediately. Announcement • Nov 18
Kamux Oyj (HLSE:KAMUX) commences an Equity Buyback Plan for 2,000,000 shares, under the authorization approved on May 22, 2025. Kamux Oyj (HLSE:KAMUX) commences share repurchases on November 17 2025, under the program mandated by the shareholders in the Annual General Meeting held on May 22, 2025. As per the mandate, the company is authorized to repurchase up to 2,000,000 shares such that the holding of company's own shares does not exceed 10% of its issued share capital. The repurchased shares are to be used for execution of the company’s share-based incentive schemes or for other purposes determined by the company. If the repurchases are made through market the consideration paid for the shares shall be the market price of the company’s share in public trading at Nasdaq Helsinki Ltd at the time of the acquisition and if the shares are being purchased off market the price should be no higher than the market price in public trading at the time of the acquisition. The authorization is valid until the closing of the next Annual General Meeting , however, no longer than until June 30, 2026.
On November 11, 2025, the company initiated a Market Repurchase. Under the program, the company will repurchase up to 1,000,000 shares, representing 2.5% of its share capital for €2.5 million. The shares will be acquired to fulfill obligations related to the company's share-based commitment and incentive plan for the group’s key persons for 2025-2029 and the Green Lions matching share plan for Group’s key employees. The repurchases shall start on November 17, 2025. The repurchases will end at the latest on April 16, 2026. As of March 20, 2024, the company had 40,017,420 shares including 9,053 treasury shares. Reported Earnings • Nov 12
Third quarter 2025 earnings: EPS and revenues miss analyst expectations Third quarter 2025 results: EPS: €0.05 (up from €0.048 in 3Q 2024). Revenue: €232.9m (down 17% from 3Q 2024). Net income: €2.10m (up 11% from 3Q 2024). Profit margin: 0.9% (up from 0.7% in 3Q 2024). The increase in margin was driven by lower expenses. Revenue missed analyst estimates by 2.6%. Earnings per share (EPS) also missed analyst estimates by 29%. Revenue is forecast to grow 3.5% p.a. on average during the next 3 years, compared to a 5.6% growth forecast for the Specialty Retail industry in Europe. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 38 percentage points per year, which is a significant difference in performance. Declared Dividend • Oct 19
Dividend of €0.07 announced Shareholders will receive a dividend of €0.07. Ex-date: 23rd October 2025 Payment date: 31st October 2025 Dividend yield will be 3.6%, which is higher than the industry average of 2.5%. Sustainability & Growth Dividend is being paid despite the company being loss-making over the last 12 months. However, the dividend is well covered by cash flows (11% cash payout ratio). The dividend has decreased over the past 86 years, indicating a lack of growth and stability in payments. Announcement • Sep 18
Kamux Oyj, Annual General Meeting, Apr 23, 2026 Kamux Oyj, Annual General Meeting, Apr 23, 2026. Recent Insider Transactions • Aug 17
Founder recently sold €6.7m worth of stock On the 14th of August, Juha Kalliokoski sold around 3m shares on-market at roughly €2.06 per share. This transaction amounted to 61% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Juha has been a net seller over the last 12 months, reducing personal holdings by €6.7m. Reported Earnings • Aug 13
Second quarter 2025 earnings released: EPS: €0.003 (vs €0.005 in 2Q 2024) Second quarter 2025 results: EPS: €0.003 (down from €0.005 in 2Q 2024). Revenue: €205.5m (down 19% from 2Q 2024). Net income: €100.0k (down 50% from 2Q 2024). Profit margin: 0% (down from 0.1% in 2Q 2024). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 4.1% p.a. on average during the next 3 years, compared to a 5.5% growth forecast for the Specialty Retail industry in Europe. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 32 percentage points per year, which is a significant difference in performance. Announcement • Jul 03
Kamux Oyj Appoints Marcus Mezödi as Managing Director of Germany Marcus Mezödi (55) has been appointed as Kamux Germany’s Managing Director and a member of the Group Management Team. Mezödi will assume his role and duties at Kamux from July 2, 2025 onwards. He will be based in Kamux Nedderfeld store in Hamburg and report to COO Juha Kalliokoski. Marcus Mezödi has an extensive career in the automotive retail industry. He is joining Kamux from Penske Automotive Group, where he most recently has worked as Managing Director at the Volkswagen and Audi Center in Aachen, Head of Business Development Center, as well as Managing Director of Penske Sportwagen Hamburg GmbH. Previously, he has held management positions at Kintec-Solution GmbH, Chrysler & Jeep Vertriebsgesellschaft mbH, and Auto-Scholz Group. Mezödi holds a Diplom-Betriebswirt degree. Following the aforementioned change, the members of the Group Management Team are: Tapio Pajuharju, CEO; Enel Sintonen, CFO (from beginning of August, 2025); Juha Kalliokoski, COO; Johan Kempas, Managing Director, Kamux Sweden; Marcus Mezödi, Managing Director, Kamux Germany; Joni Tuominen, acting Managing Director, Kamux Finland; Joanna Clark, Chief People Officer; Aino Hökeberg, Chief Marketing and Concept Officer; Jarkko Lehtismäki, Chief Digital Officer; and Altti Väisänen, Director, Business Development, Car Flow & Data. New Risk • May 13
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Finnish stocks, typically moving 6.1% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Paying a dividend despite having no free cash flows. Share price has been volatile over the past 3 months (6.1% average weekly change). Profit margins are more than 30% lower than last year (0.5% net profit margin). Market cap is less than US$100m (€93.7m market cap, or US$104.0m). Major Estimate Revision • May 13
Consensus EPS estimates fall by 10% The consensus outlook for earnings per share (EPS) in fiscal year 2025 has deteriorated. 2025 revenue forecast decreased from €1.04b to €986.0m. EPS estimate also fell from €0.24 per share to €0.215 per share. Net income forecast to grow 86% next year vs 43% growth forecast for Specialty Retail industry in Finland. Consensus price target down from €2.87 to €2.43. Share price fell 11% to €2.07 over the past week. Price Target Changed • May 11
Price target decreased by 9.3% to €2.60 Down from €2.87, the current price target is an average from 3 analysts. New target price is 15% above last closing price of €2.26. Stock is down 60% over the past year. The company is forecast to post earnings per share of €0.22 for next year compared to €0.12 last year. Reported Earnings • Apr 29
Full year 2024 earnings: EPS exceeds analyst expectations Full year 2024 results: EPS: €0.12 (down from €0.24 in FY 2023). Revenue: €1.01b (flat on FY 2023). Net income: €4.60m (down 52% from FY 2023). Profit margin: 0.5% (down from 0.9% in FY 2023). Like-for-like sales growth: Down 3.1% vs FY 2023 Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 57%. Revenue is forecast to grow 3.9% p.a. on average during the next 3 years, compared to a 5.8% growth forecast for the Specialty Retail industry in Europe. Over the last 3 years on average, earnings per share has fallen by 46% per year but the company’s share price has only fallen by 37% per year, which means it has not declined as severely as earnings. New Risk • Apr 07
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: €88.3m (US$96.5m) This is considered a minor risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risk Dividend is not well covered by earnings and cash flows. Payout ratio: 119% Paying a dividend despite having no free cash flows. Minor Risks Profit margins are more than 30% lower than last year (0.5% net profit margin). Market cap is less than US$100m (€88.3m market cap, or US$96.5m). Reported Earnings • Feb 21
Full year 2024 earnings: EPS exceeds analyst expectations Full year 2024 results: EPS: €0.12 (down from €0.24 in FY 2023). Revenue: €1.01b (flat on FY 2023). Net income: €4.60m (down 52% from FY 2023). Profit margin: 0.5% (down from 1.0% in FY 2023). Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 57%. Revenue is forecast to grow 5.4% p.a. on average during the next 3 years, compared to a 6.5% growth forecast for the Specialty Retail industry in Europe. Over the last 3 years on average, earnings per share has fallen by 45% per year but the company’s share price has only fallen by 37% per year, which means it has not declined as severely as earnings. Announcement • Feb 13
Kamux Corporation Appoints Joanna Clark as Chief People Officer and Member of Group Management Team, as of May 15, 2025 Kamux Corporation announced Joanna Clark (47, BA) has been appointed as Kamux’s Chief People Officer and a member of the Group Management Team as of May 15, 2025. She will be based in Espoo, Finland, and report to CEO Tapio Pajuharju. Clark joins Kamux from Kemppi Oy, where she has been working as Vice President, Global HR. Prior to Kemppi, Clark worked as Head of HR at Lumene Oy, in several human resources management positions at Metso Group as well as at Bloomberg L.P. in the UK. Following the aforementioned change, the members of the Group Management Team are: Tapio Pajuharju, CEO; Jukka Havia, CFO (until early May, 2025); Johan Kempas, Managing Director, Kamux Sweden; Jani Koivu, Managing Director, Kamux Finland; Martin Verrelli, Managing Director, Kamux Germany; Joanna Clark, Chief People Officer (as of May 15, 2025); Aino Hökeberg, Chief Marketing and Concept Officer; Jarkko Lehtismäki, Chief Digital Officer; and Altti Väisänen, Director, Business Development, Car Flow & Data. Major Estimate Revision • Jan 17
Consensus EPS estimates fall by 20% The consensus outlook for fiscal year 2024 has been updated. 2024 EPS estimate fell from €0.10 to €0.08 per share. Revenue forecast steady at €1.01b. Net income forecast to grow 46% next year vs 32% growth forecast for Specialty Retail industry in Finland. Consensus price target down from €3.40 to €2.93. Share price was steady at €2.76 over the past week. Major Estimate Revision • Dec 19
Consensus EPS estimates fall by 17% The consensus outlook for fiscal year 2024 has been updated. 2024 EPS estimate fell from €0.16 to €0.133 per share. Revenue forecast steady at €1.02b. Net income forecast to grow 65% next year vs 28% growth forecast for Specialty Retail industry in Finland. Consensus price target down from €3.70 to €3.40. Share price fell 27% to €2.55 over the past week. New Risk • Dec 18
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Finnish stocks, typically moving 3.8% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Dividend is not well covered by earnings (119% payout ratio). Share price has been volatile over the past 3 months (3.8% average weekly change). Valuation Update With 7 Day Price Move • Dec 18
Investor sentiment deteriorates as stock falls 25% After last week's 25% share price decline to €2.63, the stock trades at a forward P/E ratio of 9x. Average forward P/E is 12x in the Specialty Retail industry in Europe. Total loss to shareholders of 74% over the past three years. Announcement • Nov 27
Kamux Corporation Appoints Johan Kempas as Managing Director of Kamux Sweden Kamux Corporation announced that Johan Kempas (56) has been appointed as Managing Director of Kamux Sweden and a member of the Group Management Team. He will join Kamux on January 1, 2025, at the latest. Johan Kempas will be based in the Kamux office in Upplands Väsby in the greater Stockholm area and report to CEO Tapio Pajuharju. Johan Kempas has an extensive career in the automotive industry. Prior to Kamux, he most recently worked as Managing Director of Hedin Automotive’s Ford sales in Sweden. Earlier, Kempas has worked as Managing Director of Göinge Bil AB, Regional Director of Din Bil, and Brand Manager for the Renault and Dacia brands in Sweden. Earlier in his career, Kempas also worked as an entrepreneur in the used car business for five years. Announcement • Nov 21
Jukka Havia to Resign as CFO of Kamux Oyj and to Continue in His Current Position Until Early May, 2025 Kamux Oyj announced Jukka Havia, company's CFO and a member of the Group Management Team decided to resign from the company to join another employer. He will continue in his current position until early May, 2025. A recruitment for a new CFO will be started immediately. Price Target Changed • Nov 16
Price target decreased by 8.1% to €4.13 Down from €4.50, the current price target is an average from 3 analysts. New target price is 24% above last closing price of €3.33. Stock is down 39% over the past year. The company is forecast to post earnings per share of €0.16 for next year compared to €0.24 last year. Major Estimate Revision • Nov 15
Consensus EPS estimates fall by 26% The consensus outlook for fiscal year 2024 has been updated. 2024 EPS estimate fell from €0.223 to €0.165 per share. Revenue forecast steady at €1.02b. Net income forecast to grow 132% next year vs 33% growth forecast for Specialty Retail industry in Finland. Consensus price target broadly unchanged at €4.43. Share price fell 5.3% to €3.31 over the past week. Reported Earnings • Nov 10
Third quarter 2024 earnings: Revenues exceed analysts expectations while EPS lags behind Third quarter 2024 results: EPS: €0.05 (down from €0.12 in 3Q 2023). Revenue: €280.4m (flat on 3Q 2023). Net income: €1.90m (down 60% from 3Q 2023). Profit margin: 0.7% (down from 1.7% in 3Q 2023). Revenue exceeded analyst estimates by 1.3%. Earnings per share (EPS) missed analyst estimates by 47%. Revenue is forecast to grow 5.7% p.a. on average during the next 3 years, compared to a 6.7% growth forecast for the Specialty Retail industry in Europe. Over the last 3 years on average, earnings per share has fallen by 40% per year but the company’s share price has only fallen by 35% per year, which means it has not declined as severely as earnings. Announcement • Oct 29
Kamux Oyj (HLSE:KAMUX) acquired Webcars Logistics Ab. Kamux Oyj (HLSE:KAMUX) acquired Webcars Logistics Ab on October 29, 2024. Under Kamux's ownership, Webcars will continue to operate as an independent unit continuing to serve its existing customers.
For the year ended on December 31, 2023, Webcars had annual revenue of approximately €28 million.
Kamux Oyj (HLSE:KAMUX) completed the acquisition of Webcars Logistics Ab on October 29, 2024. Price Target Changed • Oct 17
Price target decreased by 7.5% to €4.50 Down from €4.87, the current price target is an average from 3 analysts. New target price is 23% above last closing price of €3.65. Stock is down 32% over the past year. The company is forecast to post earnings per share of €0.22 for next year compared to €0.24 last year. Upcoming Dividend • Oct 16
Upcoming dividend of €0.10 per share Eligible shareholders must have bought the stock before 23 October 2024. Payment date: 31 October 2024. Payout ratio is on the higher end at 79%, however this is supported by cash flows. Trailing yield: 4.6%. Lower than top quartile of Finnish dividend payers (6.1%). Higher than average of industry peers (3.1%). Announcement • Sep 20
Kamux Oyj, Annual General Meeting, May 22, 2025 Kamux Oyj, Annual General Meeting, May 22, 2025. Major Estimate Revision • Aug 23
Consensus EPS estimates fall by 37% The consensus outlook for earnings per share (EPS) in fiscal year 2024 has deteriorated. 2024 revenue forecast decreased from €1.06b to €1.02b. EPS estimate also fell from €0.387 per share to €0.245 per share. Net income forecast to grow 68% next year vs 30% growth forecast for Specialty Retail industry in Finland. Consensus price target down from €6.57 to €5.47. Share price fell 18% to €4.20 over the past week. Reported Earnings • Aug 18
Second quarter 2024 earnings released: EPS: €0.004 (vs €0.06 in 2Q 2023) Second quarter 2024 results: EPS: €0.004 (down from €0.06 in 2Q 2023). Revenue: €252.8m (flat on 2Q 2023). Net income: €200.0k (down 92% from 2Q 2023). Profit margin: 0.1% (down from 0.9% in 2Q 2023). Revenue is forecast to grow 6.1% p.a. on average during the next 3 years, compared to a 6.5% growth forecast for the Specialty Retail industry in Europe. Over the last 3 years on average, earnings per share has fallen by 37% per year whereas the company’s share price has fallen by 33% per year. New Risk • Aug 16
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Finnish stocks, typically moving 5.9% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (5.9% average weekly change). Announcement • Aug 09
Kamux Oyj Announces Resignation of Marjo Nurmi as Chief People and Sustainability Officer, Effective September 30, 2024 Kamux Oyj announced Marjo Nurmi, Kamux Corporation'sChief People and Sustainability Officer and a member of the Group Management Team, has decided to become an entrepreneur and will leave Kamux. She will continue in her current position and as a member of the Group Management Team until September 30, 2024. The recruitment process for her successor will be started immediately. Announcement • Jul 06
Chief Business Development Officer Vesa Uotila to Leave Kamux Corporation, Effective August 7, 2024 Vesa Uotila, Kamux Corporation's Chief Business Development Officer and a member of the Group Management Team, has decided to leave Kamux in order to join private equity investor Sponsor Capital as a partner. He will continue in his current position until August 7, 2024, after which he will serve as an advisor to the company until the end of 2024. The members of the Group Management Team are: Tapio Pajuharju, CEO; Jukka Havia, CFO; Jani Koivu, Managing Director, Kamux Finland; Andy Rietschel, Managing Director, Kamux Sweden; Martin Verrelli, Managing Director, Kamux Germany; Aino Hökeberg, Chief Marketing and Concept Officer; Jarkko Lehtismäki, Chief Digital Officer; Marjo Nurmi, Chief People and Sustainability Officer; Juha Saarinen, Chief Sourcing Officer (until July 8, 2024); and Vesa Uotila, Chief Busines Development Officer (until August 7, 2024). Reported Earnings • May 19
First quarter 2024 earnings: EPS and revenues miss analyst expectations First quarter 2024 results: EPS: €0.03. Revenue: €241.0m (up 8.0% from 1Q 2023). Net income: €1.20m (up €1.20m from 1Q 2023). Profit margin: 0.5% (up from 0% in 1Q 2023). The increase in margin was driven by higher revenue. Revenue missed analyst estimates by 3.4%. Earnings per share (EPS) also missed analyst estimates by 14%. Revenue is forecast to grow 9.2% p.a. on average during the next 3 years, compared to a 6.1% growth forecast for the Specialty Retail industry in Europe. Over the last 3 years on average, earnings per share has fallen by 37% per year but the company’s share price has only fallen by 27% per year, which means it has not declined as severely as earnings. Board Change • May 01
High number of new directors There are 5 new directors who have joined the board in the last 3 years. Independent Director Kati Riikonen was the last director to join the board, commencing their role in 2024. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Declared Dividend • Apr 21
Dividend of €0.10 announced Shareholders will receive a dividend of €0.10. Ex-date: 23rd October 2024 Payment date: 31st October 2024 Dividend yield will be 3.2%, which is higher than the industry average of 2.5%. Sustainability & Growth Dividend is covered by both earnings (71% earnings payout ratio) and cash flows (29% cash payout ratio). The dividend has increased by an average of 6.0% per year over the past 6 years. However, payments have been volatile during that time. EPS is expected to grow by 99% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Announcement • Apr 09
Juha Saarinen, Chief Sourcing Officer and Member of the Group Management Team Decides to Leave Kamux Juha Saarinen, Kamux Corporation's Chief Sourcing Officer and a member of the Group Management Team, has decided to leave Kamux in order to pursue a career opportunity outside of Kamux. He will continue in his current position until July 8, 2024. Country organizations will play a stronger role in sourcing and resources for international sourcing will be increased. A recruitment for international sourcing will be started immediately. The members of the Group Management Team are: Tapio Pajuharju, CEO; Jukka Havia, CFO; Jani Koivu, Managing Director, Kamux Finland; Andy Rietschel, Managing Director, Kamux Sweden; Martin Verrelli, Managing Director, Kamux Germany; Aino Hökeberg, Chief Marketing and Concept Officer; Jarkko Lehtismäki, Chief Digital Officer; Marjo Nurmi, Chief People and Sustainability Officer; Juha Saarinen, Chief Sourcing Officer (until July 8, 2024); and Vesa Uotila, Chief Busines Development Officer. Declared Dividend • Apr 05
Final dividend of €0.07 announced Shareholders will receive a dividend of €0.07. Ex-date: 19th April 2024 Payment date: 29th April 2024 Dividend yield will be 2.8%, which is higher than the industry average of 2.5%. Sustainability & Growth Dividend is covered by both earnings (71% earnings payout ratio) and cash flows (29% cash payout ratio). The dividend has increased by an average of 6.0% per year over the past 6 years. However, payments have been volatile during that time. EPS is expected to grow by 99% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Announcement • Mar 23
Kamux Oyj (HLSE:KAMUX) commences an Equity Buyback Plan for 2,000,000 shares, representing 5% of its issued share capital, under the authorization approved on April 20, 2024. Kamux Oyj (HLSE:KAMUX) commences share repurchases on March 22, 2024, under the program mandated by the shareholders in the Annual General Meeting held on April 20, 2023. As per the mandate, the company is authorized to repurchase up to 2,000,000 shares, representing 5% of its issued share capital. The repurchased shares are to be used for execution of the company’s share-based incentive schemes or for other purposes determined by the company. The authorization is valid until the closing of the next Annual General Meeting , however, no longer than until June 30, 2024.
On March 20, 2024, the company initiated a Market Repurchase. Under the program, the company will repurchase up to 135,000 shares, representing 0.3% of its share capital for €0.81 million. The shares will be acquired to fulfill obligations related to the company's share-based commitment and incentive plan for the group’s key persons for 2024-2026 and the Green Lions matching share plan for Group’s key employees. The repurchases shall start on March 21, 2024. The repurchases will end at the latest on April 17, 2024. As of March 20, 2024, the company had 40,017,420 shares including 9,053 treasury shares. Major Estimate Revision • Mar 08
Consensus EPS estimates fall by 11% The consensus outlook for fiscal year 2024 has been updated. 2024 EPS estimate fell from €0.457 to €0.407 per share. Revenue forecast steady at €1.07b. Net income forecast to grow 70% next year vs 33% growth forecast for Specialty Retail industry in Finland. Consensus price target down from €6.63 to €6.37. Share price rose 4.3% to €5.43 over the past week. Reported Earnings • Mar 03
Full year 2023 earnings: EPS misses analyst expectations Full year 2023 results: EPS: €0.24 (down from €0.27 in FY 2022). Revenue: €1.00b (up 3.6% from FY 2022). Net income: €9.60m (down 11% from FY 2022). Profit margin: 1.0% (in line with FY 2022). Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 14%. Revenue is forecast to grow 8.1% p.a. on average during the next 3 years, compared to a 5.8% growth forecast for the Specialty Retail industry in Europe. Over the last 3 years on average, earnings per share has fallen by 38% per year but the company’s share price has only fallen by 27% per year, which means it has not declined as severely as earnings. Announcement • Feb 23
Kamux Oyj to Report Q4, 2023 Results on Mar 01, 2024 Kamux Oyj announced that they will report Q4, 2023 results at 9:00 AM, E. Europe Standard Time on Mar 01, 2024 Announcement • Dec 07
Kamux Oyj Announces Chief Financial Officer Changes Kamux Oyj announced Jukka Havia (54, M.Sc. (Econ.) has been appointed as Chief Financial Officer as of January 17, 2024. He will be based in Espoo, Finland, and report to CEO Tapio Pajuharju. As Havia starts on January 17, 2024, Marko Lehtonen, Kamux's current CFO, will step down from the Group Management Team. Lehtonen will, however, continue with Kamux until February 23, 2024, as previously announced and he will participate in onboarding Mr. Havia. Havia joins Kamux from Evac Group, where he has been working as Chief Financial Officer. Prior to Evac, he has worked for example as the CFO and Deputy CEO of Ramirent, and as CFO at Tikkurila and Ruukki Group. Announcement • Nov 25
Kamux Oyj Announces Resignation of Marko Lehtonen as Cfo, Effective February 23, 2024 Kamux Corporation and Marko Lehtonen, the company's CFO and member of the Group Management Team, have agreed that Lehtonen will leave Kamux in order to pursue new career opportunities in due course. Lehtonen will continue in his current role and capacity until February 23, 2024. The process for finding a new CFO has been started. Announcement • Nov 17
Kamux Corporation Appoints Andy Rietschel as Kamux's Country Director for Sweden, Effective January 1, 2024 Kamux Corporation announced that Andy Rietschel (46, MDA) has been appointed as Kamux's Country Director for Sweden and a member of the Group Management Team as of January 1, 2024. Rietschel joins Kamux on December 15, 2023, and Kerim Nielsen, who will continue in his current role and capacity until the end of the year, will actively participate in his onboarding at Kamux Sweden. Andy Rietschel will be based in Upplands Väsby, Sweden and report to CEO Tapio Pajuharju. Rietschel joins Kamux from XPENG Sweden, where he has worked as Deputy Managing Director and prior to that as Sales Director. Before XPENG, Rietschel had a long career at Tesla as their first employee in Sweden and moving on from a Store Manager to Head of Enterprise Sales for Sweden, Denmark and Finland. Prior to that, he has founded Easycharge AB, a consultant service focused on EV's. As of January 1, 2024, the members of the Group Management Team are: Tapio Pajuharju, CEO; Marko Lehtonen, CFO, Risks, IR & Communications and Legal; Jani Koivu, Country Director for Finland; Andy Rietschel, Country Director for Sweden; Martin Verrelli, Country Director for Germany; Aino Hökeberg, Marketing and Business Concept; Jarkko Lehtismäki, Chief Digital Officer; Marjo Nurmi, People, Culture and Sustainability; Juha Saarinen, Purchasing, Logistics and HUB; and Vesa Uotila, Strategy, Innovations, Data and Analytics. Announcement • Nov 09
Kamux Relocates Two Showrooms in Germany Kamux has relocated its showroom in Heide and is relocating the showroom in Ahrensburg, both located north of Hamburg. Valuation Update With 7 Day Price Move • Nov 03
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to €5.70, the stock trades at a forward P/E ratio of 15x. Average forward P/E is 13x in the Specialty Retail industry in Europe. Total loss to shareholders of 40% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €5.30 per share. Upcoming Dividend • Oct 16
Upcoming dividend of €0.10 per share at 2.8% yield Eligible shareholders must have bought the stock before 23 October 2023. Payment date: 31 October 2023. Payout ratio is on the higher end at 98%, however this is supported by cash flows. Trailing yield: 2.8%. Lower than top quartile of Finnish dividend payers (6.0%). Lower than average of industry peers (3.7%). Announcement • Oct 10
Aino Hökeberg Appoints as Kamux Ojy's Chief Marketing and Concept Officer, Effective January 1, 2024 Aino Hökeberg appointed as Kamux's Chief Marketing and Concept Office. Aino Hökeberg (40, M.Sc. Econ.) has been appointed as Kamux Corporation's Chief Marketing and Concept Officer, responsible for marketing and business concept, and a member of the Group Management Team as of January 1, 2024. She will be based in Upplands Väsby, Sweden and report to CEO Tapio Pajuharju. Hökeberg joins Kamux from Fazer, where she has held various commercial positions since 2017, most recently as Director, eCommerce. Prior to Fazer, she has worked for e.g. at Arken Zoo, ICA and KPMG. Recent Insider Transactions • Sep 10
Chief Executive Officer recently bought €59k worth of stock On the 7th of September, Tapio Pajuharju bought around 10k shares on-market at roughly €5.94 per share. This transaction amounted to 70% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Tapio has been a buyer over the last 12 months, purchasing a net total of €112k worth in shares. Price Target Changed • Aug 14
Price target increased by 10% to €6.43 Up from €5.83, the current price target is an average from 3 analysts. New target price is 6.2% above last closing price of €6.06. Stock is down 7.5% over the past year. The company is forecast to post earnings per share of €0.32 for next year compared to €0.27 last year. Reported Earnings • Aug 13
Second quarter 2023 earnings: EPS and revenues exceed analyst expectations Second quarter 2023 results: EPS: €0.06 (down from €0.073 in 2Q 2022). Revenue: €255.0m (up 3.3% from 2Q 2022). Net income: €2.40m (down 17% from 2Q 2022). Profit margin: 0.9% (down from 1.2% in 2Q 2022). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 8.0%. Earnings per share (EPS) also surpassed analyst estimates by 50%. Revenue is forecast to grow 6.1% p.a. on average during the next 3 years, compared to a 6.1% growth forecast for the Specialty Retail industry in Europe. Over the last 3 years on average, earnings per share has fallen by 28% per year but the company’s share price has only fallen by 13% per year, which means it has not declined as severely as earnings. 