Kamux Oyj (KMUXF) Q2 2026 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good morning. My name is Katariina Hietaranta, and I would like to welcome you to Kamuksi's quarter two results webcast. Our CEO Juha Kalliokoski and CFO Enel Sintonen shall present the results first, after which we shall have a Q&A session. For the Q&A, we shall first take questions via the teleconference and then move over to the chat line in the webcast. Please go ahead, Juha. Thank you, Katariina. Good morning. Let's get started. Here is our agenda for today. As usual, we will begin with an overview of the quarter. Then take a look at the market development before looking at each operating country separately. Then Enel will present our financial development in more detail. And as usual, we will finish with the Q&A session. There was a significant shift in demand between powertrains in Q2, affecting especially demand of diesel cars. In this situation, we focused on inventory turn. We were able to grow both the number of cars sold and revenue, while the market declined in all operating countries. However, we were tightened as the selling prices of diesel cars decreased due to the low demand. This led to gross margin decreasing from 24 million euros to 20.8 million, mainly due to the lost margin in diesel cars. Even though our costs were 0.8 million lower, this was not enough to keep the adjusted EBIT at the last year level. And it decreased to 0.6 million euros. Revenue from integrated services was 12.8 million euros, which is 5.8% of total revenue. Our customer satisfaction was again at an excellent level. NPS for the whole group was 66 in the quarter. Towards the end of the quarter, consumer confidence started to improve. However, this was not yet visible in used car sales. The used car market conducted during Q2 in all our operating countries. Sweden was down by...