Interim report
Second quarter (April -
- Net turnover of
SEK 21.8m (SEK 21.3m ) -
Gross Profit of
SEK 5.9m (SEK 1.2m ) or gross margin of 27% (6%) -
Operating Loss/EBIT of
SEK -12.8m (SEK -12.2m ) -
Result for the period of
SEK -15.1m (SEK -14.3m ) -
Order book amounted to
EUR 12.2 m orSEK 124 m at the end of the quarter.
First half of 2021 (January -
- Year to date net turnover of
SEK 31.8m (SEK 31.6m ) -
Gross Profit of
SEK 8.6m (SEK 3.6m ) or gross margin of 27% (11%) -
Operating Loss/EBIT of
SEK -34.2m (SEK -29.8m ) -
Result for the period of
SEK -38.9m (SEK -33.8m ). -
Order book amounted to
EUR 12.2 m orSEK 124 m at the end of the first half of 2021.
Significant events during the Second quarter
No significant events occurred during the quarter.
Significant events after the reporting period
- Magnus Grönborg started as CEO of
OXE Marine AB (publ) on1 July 2021 . OXE Marine AB (publ) announced outcome of incentive program 2021/2025 and additional transfer of warrants of series 2019:2.
Comments by the CEO
During the quarter, the company achieved net turnover of
Improvements were made during the quarter in reducing our accounts receivable balance to
During the quarter, much progress has been made with our assembly partner in
We continue to see more positive activity from our distribution network through improved marketing initiatives as well as demo programs with key commercial and governmental customers and we clearly see a growing interest and demand in general in the market.
Our marketing activities during the quarter continue to gain pace following the successful launch of our new website in Q1 - significant improvements have been achieved in usability and development of strong content. We continue to increase our engagement with the public via social media and other media channels.
Furthermore, we are continuing with our preliminary assessment of
In summary, the quarter show results from our efforts and we are encouraged by the positive development in accounts receivables and gross margins as well as a the good trend in ramp-up of production with significant focus on delivering products with high-quality standards in a controlled manner.
The Board and Management remain confident of the future prospects and look forward to growing the business in a sustainable and profitable manner.
We are driven by the ambition to transform the outboard motor; impacting the journey towards a more sustainable and ecologically positive marine environment.
We are engineering the future. Our future.
Chief Executive Officer,
This disclosure contains information that
Certified Adviser
For further information, please contact:
Magnus Grönborg, CEO, magnus.gronborg@oxemarine.com, +46 76 724 73 00
https://news.cision.com/oxe-marine-ab/r/oxe-marine-ab--publ--interim-report-1-april-to-30-june-2021,c3388009
https://mb.cision.com/Main/16067/3388009/1447607.pdf
https://news.cision.com/oxe-marine-ab/i/q2-2021-interim-report,c2937693
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