Brief: Oxe Marine Q4 Net Loss At SEK 24.4 Mln

Oxe Marine AB

19/02/2021 06:28

Feb 19 (Reuters) - Oxe Marine AB  OXEMA.ST :
    * Q4 NET TURNOVER OF SEK 4.8 M (SEK 40.1 M)
    * Q4 ORDER BOOK GREW BY 38% TO EUR 13.9 M OR SEK 139.3 M (EUR 9.6 M OR SEK 100.9 M AS AT END
OF Q3
2020)
    * Q4 NET LOSS FOR PERIOD OF SEK -24.4 M (SEK -25.5 M)
    * WE EXPECT TO DEVELOP A PROTOTYPE VERSION FOR SEA TRIALS AT END OF Q1 2021
    * WE CONTINUE WITH OUR PRELIMINARY ASSESSMENT OF BMW'S 4-CYLINDER TWO LITRE TURBO DIESEL
ENGINE
FOR MARINE APPLICATION
    * BOARD AND MANAGEMENT REMAIN CONFIDENT OF FUTURE AND LOOK FORWARD TO GROWING BUSINESS IN A
SUSTAINABLE AND PROFITABLE MANNER.

Source text for Eikon:  ID:nWkr4GnPM9 
Further company coverage:  OXEMA.ST 

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