Kamux Streamlines Showroom Operations in Finland and Sweden

Kamux Streamlines Showroom Operations in Finland and Sweden

Kamux Corporation is taking bold steps to enhance its operational efficiency as it phases out several showrooms in Finland and Sweden. The company specializes in preowned cars and integrated services, aiming to adapt its showroom network in alignment with a strategic vision for a more rewarding customer experience.

Showroom Closures and Staff Transfers

As part of this strategy, Kamux has recently closed two showrooms in Finland, specifically in Klaukkala and Tornio, and one showroom in Sweden located in Borås. The showrooms in Klaukkala and Borås were shut down in early September, with the Tornio location set to close by the end of that month. This move reflects a shift towards optimizing existing facilities rather than expanding indiscriminately.

The closing of these showrooms also involves thoughtful personnel management. Employees from Klaukkala have been relocated to Kamux showrooms in Järvenpää and Varisto, Vantaa, while those at Tornio are heading to showrooms in the Oulu area. Additionally, some personnel from Borås have found new positions within Kamux's network, while others have chosen to leave the company, managing the transition smoothly.

Strategic Focus on Larger Showrooms

Kamux's approach is driven by a desire to focus on larger, more strategically located showrooms that can provide heightened customer experiences. CEO Tapio Pajuharju has emphasized that the company's goal is to create fewer yet more impactful showroom locations. This revised model offers extended opening hours and a regionally tailored offering which is designed to boost customer satisfaction.

In Sweden, the strategy is slightly different—here, Kamux is concentrating on profitability. Unprofitable locations are either getting closed or relocated to more advantageous areas. This fundamental restructuring not only aids in cost savings but also enhances the company’s geographical reach. This thoughtful approach aims to cultivate a showroom network that supports Kamux's aspirations.

Current Showroom Network

After these closures, Kamux will retain a total of 71 showrooms across the two countries, with 44 in Finland and 19 in Sweden. This careful trimming of the network is expected to position Kamux for sustainable growth while also delivering superior service to its customers.

About Kamux Corporation

Kamux is recognized as a leading retail chain specializing in preowned cars and related integrated services. The company has demonstrated impressive growth since its inception in 2003 in Hämeenlinna. Kamux has successfully combined online shopping with an extensive physical showroom presence, allowing for flexibility and convenience for their customers. In addition to its operations in Finland and Sweden, Kamux also has showrooms in Germany.

In recent years, Kamux has sold more than 500,000 used cars, adding over 68,000 vehicles sold in the last calendar year alone. In 2023, the company reported revenue of EUR 1,002 million and maintained a dedicated workforce of approximately 885 employees based on full-time equivalency. Kamux Corporation proudly trades under the ticker symbol NASDAQ: KAMU on Nasdaq Helsinki Ltd., showcasing its commitment to transparency and growth.

Frequently Asked Questions

What prompted Kamux to close these showrooms?

Kamux is streamlining its operations and optimizing showroom locations to enhance efficiency and improve customer service.

How many showrooms does Kamux have after these closures?

Following the closures, Kamux will operate a total of 71 showrooms, with 44 in Finland and 19 in Sweden.

What is Kamux's strategy for the future?

Kamux aims to focus on larger showrooms that allow for better customer experiences, with an eye towards profitability and strategic growth.

When were the showroom closures implemented?

The showrooms in Klaukkala and Borås closed in early September, while the Tornio showroom is scheduled to close by the end of September.

What was Kamux's revenue in 2023?

In 2023, Kamux reported a revenue of EUR 1,002 million, reflecting its successful business model and market presence.

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