Kamux Q2 2026 slides: revenue up 6.7%, profit margins squeezed by diesel

Kamux Corporation released its second quarter 2026 financial results on August 12, 2026. While the Finnish used-car retailer experienced an 8.3% increase in car sales to 14,310 units, adjusted operating profit plummeted 79.3% to €0.6 million, resulting in a meager margin of 0.3%. Revenue grew 6.7% year-over-year to €219.2 million.

The decline in profitability was primarily driven by the rapid depreciation of diesel car prices and a shift towards electric and hybrid vehicles. The company's stock fell 5.98% to $1.51, near its 52-week low of $1.45. CEO Juha Kalliokoski and CFO Enel Sintonen attributed the decline to increased fuel prices accelerating the demand for alternative powertrains, particularly electric vehicles in Finland and Sweden.