Kamux Oyj (KMUXF) Q3 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good morning and welcome to Kamuks' Q3 results presentation. My name is Katariina Hietaranta and I'm head of investor relations at Kamuks. We have our CFO Enel Sintonen and CEO Juha Kalliokoski presenting the results, after which we will have a Q&A session. Go ahead, Juha. Thank you. Good morning. My name is Juha Kalliokoski and I'm back as the CEO of Kamuks since October 16th. As Katariina said, Enela, I shall now guide you through Kamuks Q3 results. Here is agenda for the presentation. As usual, we shall first take a look at the quarter in brief, Kamuks market positions and what our showrooms network looks like at the moment. I shall then lead you through our review by country, after which Enel will present in more detail the financial development of the company. Towards the end of the presentation, we will take a look at where we are in terms of our long-term targets, a few words about our strategy, and at the end, we will have a Q&A session. During Q3 continued our focus on profitability and improving the financial health of the company. We have successfully reduced the average price of the cars we sell as planned. This contributed to revenue decrease, although the main component was the decrease in the number of cars sold. Our revenue decreased by 17% Our focus on profitability has paid off and the gross margin has increased from 9.8 to 10.9%. The improvement gross margin was however not sufficient to compensate for the decrease in revenue. And subsequently our gross profit decreased. Our adjusted operating profit decreased from 5.5 million to 4.3 million euros. Our cash flow has been extremely strong, 31.5 million euros in January to September, and our inventory is at a healthy level as we enter the quieter period towards the end of the year. Revenue from the i...