Kamux Corp (OTCPK:KMUXF)

$ 12.17 0 (0%) Market Cap: 137.74 Mil Enterprise Value: 215.97 Mil PE Ratio: 22.21 PB Ratio: 1.19 GF Score: 79/100

Q2 2021 Kamux Oyj Earnings Call Transcript

Aug 13, 2021 / 09:00AM GMT

Release Date Price: $16.46

Transcript

Juha Kalliokoski

Kamux Oyj - CEO

Hello. Welcome to Kamux half year results presentation. My name is Juha Kalliokoski. I'm the CEO and Founder of the Kamux.

Marko Lehtonen

Kamux Oyj - CFO

Good morning. My name is Marko Lehtonen, and I'm Kamux CFO.

Juha Kalliokoski

Kamux Oyj - CEO

Okay. There, we see a table of contents. First, Q2 in brief. Then we check our financial development. After that, strategy, outlook and financial targets. And then we summarize these.

As we remember, Kamux vision is to be #1 used car retailer in Europe. We made a huge revenue increase in Q2 by 52% to EUR 228.8 million. As we, in March, announced our new strategy and these figures find out what we made, and we made as we spoke about our strategy planning. It's good to keep in mind the comparison period in Q2 2020. Sold units were less than in Q2 2019, minus 5%, if I remember right. So comparison period was exceptionally weak.

Q2 gross profit decreased. And it was EUR 20.5 million. It's important to remember that Q2

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