Finnish used car dealership Kamux's stock plummeted by 12.6% after disappointing financial results for the end of 2025 were released, indicating a significant drop in sales and rising losses.
Kamux, a Finnish used car dealer established in HƤmeenlinna in 2003, witnessed a significant drop in its stock price on the Helsinki Stock Exchange, declining by 12.6% to ā¬1.844. This sharp decline was fueled by the company's announcement of disappointing financial results for the year 2025. When Kamux went public in May 2017, its initial share price was set at ā¬7.20, having peaked at over ā¬17 in July 2021, indicating a stark contrast to its current valuation.
The specific factors contributing to Kamux's stock crash include reported revenue figures that fell short of investor expectations, alongside a substantial negative net income for the closing quarter of the year. The company's revenues for the last quarter shrank by 13.3% compared to the same period last year, totaling ā¬205.2 million. Additionally, the number of cars sold also declined by 6.7%, totaling 13,889 vehicles, which signals a troubling trend for the company in the competitive used car market.
With Kamux posting rising losses, the recent financial report raises questions about the companyās future trajectory and its ability to recover in the coming years. The situation not only impacts investors who trusted in Kamux's growth potential but also reflects broader challenges within the used automobile sector, where consumer demand dynamics are evolving. This episode marks a pivotal moment for Kamux as it navigates through financial turbulence and seeks to restore investor confidence.
