Kamux Q2 2026 profit declines on diesel cost pressures
Finnish auto retailer Kamux reported a drop in quarterly profit as higher diesel prices eroded margins despite steady sales growth.
Finnish automotive retailer Kamux posted a decline in second-quarter 2026 profit as rising diesel costs weighed on operating expenses, the company said on Tuesday.
Net profit for the three months ended June 30 fell to €12.8 million from €15.2 million in the same period a year earlier, Kamux said in a regulatory filing. Revenue rose 8% to €215.6 million, driven by increased vehicle sales across its Finnish and Swedish markets.
Management attributed the profit decline to elevated diesel prices, which increased logistics and operational costs. Diesel costs rose 15% year-over-year, pressuring margins despite a 6% increase in vehicle unit sales. The company maintained its full-year 2026 guidance, reaffirming an outlook for net profit of €50-55 million.
Kamux CEO Jari Voutilainen said the company was implementing cost-control measures to mitigate the impact of fuel price volatility. "We continue to see strong demand, but fuel expenses remain a headwind," Voutilainen said in a statement.
The company’s shares were unchanged in Helsinki trading following the results announcement.
Priya covers listed equities and corporate earnings, reading quarterly results and guidance for what they signal about sector health and forward valuations.
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