Kamux exits Germany, to close seven stores by end-2026
Bitget2026/10/08 08:02Kamux will exit Germany, closing seven stores as part of a strategy update aimed at improving long-term value creation. About 500 cars in German inventory will be sold down by end-2026; the exit affects about 70 employees. Germany generated revenue of EUR 82.5 million in 2025, or 9.4% of group revenue; adjusted operating profit was EUR -3.6 million. Exit costs are estimated at EUR 12–14 million in Q4 2026, booked as items affecting comparability and excluded from adjusted operating profit. Post-exit operations will focus on Finland and Sweden; the updated strategy is scheduled for release on Nov. 12, 2026. Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Kamux Oyj published the original content used to generate this news brief on October 08, 2026, and is solely responsible for the information contained therein.
- Kamux will exit Germany, closing seven stores as part of a strategy update aimed at improving long-term value creation.
- About 500 cars in German inventory will be sold down by end-2026; the exit affects about 70 employees.
- Germany generated revenue of EUR 82.5 million in 2025, or 9.4% of group revenue; adjusted operating profit was EUR -3.6 million.
- Exit costs are estimated at EUR 12–14 million in Q4 2026, booked as items affecting comparability and excluded from adjusted operating profit.
- Post-exit operations will focus on Finland and Sweden; the updated strategy is scheduled for release on Nov. 12, 2026.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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