Pretty good points in the video. For some reason, the creator had only found Germany’s figures for the last five years, even though interim reports for Kamux’s entire stock exchange history (from 2017 onwards) are available on their own website. So, for anyone interested (and who hasn’t asked an AI about it yet), it’s worth noting that the total operating losses over the entire period of operations in Germany were around EUR 22 million (which includes EUR 4 million paid to fraudsters from whom the cars were never received), on top of which come those closing costs of EUR 12–14 million, meaning a total in the ballpark of EUR 35 million. Value has naturally been destroyed even more, given that capital and attention/time were tied up there for over a decade without any return.
Another thing that got me thinking was the mention of how the profits in Finland were eaten up abroad and by group overheads; I was actually just talking about this with a colleague. Regarding group costs, it’s good to understand that that EUR 8 million a year doesn’t just go into actual corporate governance; the vast majority of that pot consists of support functions, IT systems, etc., serving all (or well, soon both) countries, which are strictly essential for the business rather than just extra group fluff. So one shouldn’t be misled by looking solely at the country segment figures—although those don’t look very good these days either.