contentSlug

type

ContentSlug_ContentQuery

slug

ContentPageContentQuery

content

trendingContent

query ContentSlug_ContentQuery(
  $contentSlug: String!
  $type: [ContentType!]
) {
  ...ContentPageContentQuery_13QmVO
}

fragment CompanyDetails_Content on Content {
  __isContent: __typename
  companies {
    name
    description
    pageUrl
    id
  }
}

fragment ContentBasicInfo on Content {
  __isContent: __typename
  id
  type
  title
  lang
  companies {
    viewerIsFollowing
    id
    name
    pageUrl
  }
  tags {
    viewerIsFollowing
    id
    name
    pageUrl
  }
  ...PublishingDetails
  ...Reactions
}

fragment ContentMetadata on Content {
  __isContent: __typename
  type
  title
  lang
  pageUrl
  alternatePageUrls: translations {
    __typename
    pageUrl
    lang
  }
  imgUrl
  description
  ... on Video {
    liveTime
    videoUrl
  }
  ... on Webcast {
    liveTime
    videoUrl
  }
}

fragment ContentPageContentQuery_13QmVO on Query {
  content(slug: $contentSlug, type: $type) {
    __typename
    id
    type
    title
    isPremium
    lang
    htmlBody
    summary
    companies {
      forum {
        latestPosts {
          ...ForumPosts
        }
      }
      name
      id
      viewerIsFollowing
      pageUrl
      defaultInstrument {
        isin
        id
        marketOpen
        marketClose
        marketplace {
          region
        }
        returns {
          total
        }
      }
    }
    tags {
      viewerIsFollowing
      id
      name
      pageUrl
    }
    createdAt
    ... on Video {
      liveTime
    }
    ... on Webcast {
      liveTime
    }
    slug
    ... on CompanyReport {
      reportUrl
    }
    ... on ThirdPartyCompanyReport {
      reportUrl
    }
    ... on StockExchangeRelease {
      reportUrl
    }
    ...ContentBasicInfo
    ...ContentMetadata
    ...PriceAndRecommendation_Content
    ...CompanyDetails_Content
    ...ReportLink_Content
    ...KeyFigures_Content
  }
  ...TrendingContent_1jQ2Cn
}

fragment ForumPosts on ForumPost {
  text
  likesCount
  url
  author
  postedAt
  authorImgUrl
}

fragment KeyFigures_Content on Content {
  __isContent: __typename
  companies {
    defaultInstrument {
      estimateData {
        modelType
        reportingCurrency
      }
      snapshot {
        transaction {
          date
          actualized {
            year
            quarter
            revenue
            revenueGrowth
            ebitAdjusted
            ebitReported
            ebitda
            enterpriseValue
            epsAdjusted
            dividend
            dividendYield
            sharePrice
          }
          estimates {
            year
            quarter
            revenue
            revenueGrowth
            ebitAdjusted
            ebitReported
            ebitda
            enterpriseValue
            epsAdjusted
            dividend
            dividendYield
            sharePrice
          }
        }
      }
      id
    }
    id
  }
}

fragment PriceAndRecommendation_Content on Content {
  __isContent: __typename
  createdAt
  companies {
    name
    pageUrl
    defaultInstrument {
      priceData {
        tradeCurrency
      }
      snapshot {
        priceData {
          date
          lastPrice
          tradeCurrency
        }
        transaction {
          date
          recommendation
          targetPrice
        }
        prevTransaction {
          recommendation
        }
      }
      id
    }
    id
  }
}

fragment PublishingDetails on Content {
  __isContent: __typename
  createdAt
  publishers {
    name
    imgUrl
  }
  authors {
    __typename
    id
    name
    slug
    imgUrl
    jobTitle
  }
  ... on Video {
    liveTime
  }
  ... on Webcast {
    liveTime
  }
}

fragment Reactions on Content {
  __isContent: __typename
  id
  reactionGroups {
    reactionType
    reactionsCount
    viewerReacted
  }
}

fragment ReportLink_Content on Content {
  __isContent: __typename
  type
  isPremium
  ... on CompanyReport {
    reportUrl
  }
  ... on ThirdPartyCompanyReport {
    reportUrl
  }
  ... on StockExchangeRelease {
    reportUrl
  }
}

fragment TrendingContent_1jQ2Cn on Query {
  trendingContent(type: ARTICLE) {
    __typename
    id
    title
    lang
    pageUrl
    createdAt
    type
    imgUrl
    companies {
      squareLogoUrl
      name
      id
    }
    authors {
      __typename
      imgUrl
      id
    }
    publishers {
      imgUrl
    }
  }
}


kamux-lanserar-30-dagars-bytesratt-i-sverige-okar-tryggheten-for-bilkopare

__typename

title

isPremium

lang

htmlBody

summary

companies

createdAt

publishers

authors

reactionGroups

pageUrl

translations

imgUrl

description

Kamux operates in the automotive industry. The company offers sales of used cars and related services within service, insurance and loan financing. Sales are made via the company's physical stores but also via the e-commerce platform. The largest operations are in the Nordic market. The company was founded in 2003 and has its headquarters in Hämeenlinna.

Given that Chinese cars are quite popular judging by export figures, Kamux also needs to seriously consider its approach to them. BYP reportedly trades well on the market, but many used Chinese cars are a bit touch-and-go… Indeed, for some brands, the import organization and spare parts service are modest. Trump’s anguish over the poor export success of American cars is not unfounded.

Hedin’s Q3 figures today. Used car revenue grew by 5% and growth was seen in all markets. Profit, however, is in the red, apparently still mainly due to electric car buyback commitments and perhaps more generally due to electric car pricing.  In addition, Wetteri announced new targets yesterday, aiming to double the size of its used car business in the coming years, so competition appears to remain tough (here’s Thomas’s comment)

The management roulette continues in Sweden. This time, however, it seems to be of the person’s own volition, and the reasons have been explained in the announcement, so there’s probably no need to worry about Sweden’s Q4 development based on this. Still, it certainly doesn’t make turning things around easier when managers change once a year. Kempas started at the beginning of this year.                   Inderes              Muutos Kamuxin johtoryhmässä: Kamux Ruotsin toimitusjohtaja Johan Kempas...    Kamux Oyj | Pörssitiedote | 20.11.2025 klo 10:30:00 EETMuutos Kamuxin johtoryhmässä: Kamux Ruotsin toimitusjohtaja Johan Kempas siirtyy uusiin tehtäviin yhtiön ulkopuolelle Kamux Ruotsin toimitusjohta...

Now that Kamux is apparently starting to buy back its own shares today, one must be careful not to dump one’s own shares into the market when demand for the share slightly improves. I also looked at Kamux’s Q3 materials, interviews, etc., and this is a classic case of running aground and being in a deadlock. I have encountered the exact same thing in my own professional life. That is, someone far from the customer interface decides that the margin (usually some margin percentage or unit price) will be significantly adjusted and an overly challenging target is set. The end result is that the topline suffers, and then both the margin and operating profit in euros decrease when deals are not made due to poor price competitiveness. Fixed costs continue their course, and in Kamux’s case, there are simply more of them per completed car sale. Even in Kamux’s case, the gross margin per car had improved, but the most important thing, the bottom line, suffered badly. Now Kalliokoski explained that Kamux needs to be steered with big movements of the wheel, well, now at least the front end crashed into the inner bank. Pajuharju was accustomed to Harvia’s pricing power, but Kamux DOES NOT have similar. Used car dealers sell the same products, and their prices are easy to compare.

Yes, in Q2-Q3 the focus was specifically on profitability at the expense of volume. That did improve the gross margin, but so much volume was lost that operating profit still weakened. Indeed, there have been quite a few management changes and various inventory “adjustments” made in recent years. As I wrote in the report, Kalliokoski did not, in my opinion, offer any new ways to achieve profitable growth now.

Pursuing volume did not yield results, emphasizing profitability at the expense of volume did not yield results, turning Germany profitable did not yield results but it returned to a loss. Sweden has been at a loss, now with its head above water for a moment until returning to normal, changing the manager to a competent professional did not yield results, changing managers of international operations did not yield results, closing unprofitable dealerships did not yield results, a cooperation agreement with a leasing company did not yield results, updating the car fleet to match demand did not yield results, investing in ancillary services (Extended Warranty, Insurance) did not yield results, introducing ancillary products for sale did not yield results (Tires), investing in remote car sales did not yield results. Have all possible measures already been tried, what is left, or are there any means left? Or will we return to the starting point in implementing the measures, and repeat the same actions in the same or a different order, without results? I think Sweden has been brought to zero by shifting more of the margin from imports to Finland there, it is of course possible to do the same for Germany, and achieve a situation where all countries are slightly in the black, but that does not change the overall picture.

Wasn’t the message from the company’s management in the spring that the focus would be on profitability at the expense of volume? This is, of course, not really possible, as unprofitable trade-in cars would rot in storage. But it’s erratic behavior.

Kamux

Kamux Oyj | Pressmeddelande | 26 juni 2025 kl. 11:45:00 EESTKamux, Nordens största bilhandlare för begagnade bilar, lanserar nu 30 dagars bytesrätt på samtliga bilar som säljs i Sverige. Den...

<div class="mfn-header mfn-header-finland">Kamux Oyj | Pressmeddelande | 26 juni 2025 kl. 11:45:00 EEST</div><div class="mfn-body">Kamux, Nordens största bilhandlare för begagnade bilar, lanserar nu 30 dagars bytesrätt på samtliga bilar som säljs i Sverige. Den nya tjänsten stärker Kamux kundlöfte om ett tryggt, enkelt och flexibelt bilköp, där kunden får möjlighet att byta bil även efter leverans.Med nästan 600 000 sålda bilar och 67 bilhallar på tre marknader har Kamux skapat en konsumentinriktad affärsmodell där integrerade tjänster och anslutningen till MRF är en viktig del av helhetsupplevelsen. Lanseringen av 30 dagars bytesrätt är ett led i Kamux långsiktiga arbete med att ytterligare stärka kundtryggheten och differentiera erbjudandet på marknaden.– Ett bilköp är en stor affär och vi vill att våra kunder ska känna sig helt trygga med sitt val, även efter att de börjat använda bilen i sin vardag. Med vår 30 dagars bytesrätt får kunden möjlighet att i lugn och ro testa bilen och byta den om något inte känns rätt. Det är ett konkret exempel på hur vi vill göra bilköpet enklare och tryggare, säger Johan Kempas, VD på Kamux Sverige.Bytesrätten gäller i 30 dagar från leveransdatumet, med en körsträcka upp till 50 mil. Kunden kan byta till en annan bil hos Kamux mot en fast bytesavgift, vilket skapar förutsägbarhet och transparens i processen.– Vår affär bygger på att alltid sätta kunden i fokus. Genom att kombinera attraktiva tjänster som fri hemleverans, flexibel finansiering och nu även bytesrätt, kan vi erbjuda marknadens mest kundvänliga begagnatköp, säger Johan Kempas. Lanseringen av 30 dagars bytesrätt sker i juni och gäller för alla bilar som säljs av Kamux i Sverige.För mer information, vänligen kontakta: Johan Kempas, VD Kamux Sverige johan.kempas@kamux.se, +46 730 64 37 82Kamux är en snabbväxande affärskedja specialiserad på handel med begagnade bilar och relaterade tjänster. För att kunna erbjuda kunderna en förstklassig service när som helst och var som helst kombinerar Kamux online-försäljning med ett utbrett nätverk av butiker. Förutom via digitala kanaler är företaget verksamt med 67 bilbutiker i Sverige, Finland och Tyskland. Sedan företaget grundades har Kamux sålt nästan 600 000 begagnade bilar, varav 66 548 såldes 2024. Kamux omsättning uppgick 2024 till 1010 miljoner euro. Kamux hade 2024, omräknat till heltidsanställningar, i genomsnitt 904 anställda. Kamux Oyj är listat på Nasdaq Helsingfors-börsen.</div>