Kamux cuts 2026 outlook, expects adjusted operating profit to decline
Bitget2026/10/15 12:16- Kamux cut its 2026 outlook, now expecting adjusted operating profit to decline from the previous year rather than increase.
- Preliminary third-quarter adjusted operating profit: EUR 1.2-1.7 million versus EUR 4.3 million; car sales totaled 15,962 versus 15,727.
- Weaker-than-expected gross profit drove the downgrade as used-car markets remained sluggish across all operating countries.
- Persistently high fuel prices weighed particularly on diesel-car demand and prices.
- Profitability measures include exiting Germany, seeking closure of four loss-making Swedish showrooms and initiating negotiations to cut Finnish support-function costs.
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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