Kamux Oyj (KMUXF) Q1 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Hello. Welcome to Kamuks' Q1 results presentation. We shall first have Tapio Pajuharjao, CEO, presenting the results, and thereafter we shall take a Q&A session. And to begin with, we'll take questions from the teleconference line and then continue via the chat and with the audience here at the studio. Thank you. Go ahead, Tapio, please. Welcome on board. I think the headline tells a lot about it, not one of our strongest quarters, and I think I will share on the journey what has happened and where we are heading, and just bear with me. All in all, I think we'll have a look on the first quarter, then we'll have a look on the market position, then look at the network development, then we'll go through country by country, what we've been doing, how we've been implementing strategy. Then we'll have a look on the financials and then we'll have a look on the long-term targets and the way forward. So all in all, top line took a small dent. On the other hand, both the cross profit and adjusted operating profit took a bigger dent. And that's mainly because of the margin delivered by the cars. And I will have a more detailed analysis on that one. Then integrated services actually behind the scenes, even though with the dropping volume, delivered rather good and solid performance. And then the cash flow, when we've been able to sell not so well-fitting cars, converting that into cash, we are ready for the season to come with a strong cash pool in that respect. Then on the customer level, and I think that's the front where we've been doing good, and we're actually at par with the long-term target on the NPS 60. We have variances country by country, Finland ahead of the game, Sweden slightly behind, and Germany very close to the par on that respect. Then I think it's on the mark...