Sweden's Oxe Marine preliminary Q4 sales fall on US delays

Oxe Marine AB

16/01/2026 15:22

Overview

Swedish diesel outboard maker's preliminary Q4 sales fell yr/yr due to US project delays

Full-year sales rose, driven by propulsion sales despite Q4 slowdown

Company completed $5.9 mln contract with US boat builder, impacting Q4 sales

Outlook

OXE expects delayed US projects to materialize in 2026

Company remains confident in demand for products entering 2026

Result Drivers

US PROJECT DELAYS - Sales affected by US government shutdown delaying project awards, expected to materialize in 2026

COMPLETED CONTRACT - No further sales from $5.9 mln contract with US boat builder, impacting Q4 propulsion sales

NEW MODEL INTRODUCTION - Introduction of DL6 model in production, incorporating customer feedback

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q4 Revenue
SEK 30 mln


Analyst Coverage

Wall Street's median 12-month price target for Oxe Marine AB is SEK0.60, about 66.7% above its January 15 closing price of SEK0.36

Press Release: ID:nMFN92WMl6

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)