Sweden's Oxe Marine Q1 revenue drops 66%, losses widen amid project delays

Oxe Marine AB

24/04/2026 06:17

Overview

Sweden diesel outboard maker's Q1 revenue fell sharply yr/yr amid project delays

Q1 EPS and EBITDA losses widened as demand softened and new business was limited

Company raised SEK 60 mln in new equity financing to strengthen balance sheet

Outlook

OXE Marine says short-term trading environment remains challenging due to project delays and tariffs

Company notes increase in enquiries going into Q2

OXE Marine expects opportunities from new sales team additions will take time to convert

Result Drivers

PROJECT DELAYS - Co said delays in key governmental projects, especially in the US, led to lower sales and overall financial performance

SOFTER DEMAND - Co attributed weaker results to a slower marine environment, tariff-driven price increases in the US, and conflict in the Middle East affecting logistics and tourism segments

COST CONTROL - Co said it maintained cost control and kept gross margin steady despite lower revenue

Company press release: ID:nMFN3zxlgr

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Revenue
SEK 17.40 mln
Q1 EPS
-SEK 0.04
Q1 Gross Margin
34.00%
Q1 EBITDA
-SEK 16.10 mln
Q1 Gross Profit
SEK 5.90 mln


Analyst Coverage

Wall Street's median 12-month price target for Oxe Marine AB is SEK0.55, about 120.9% above its April 23 closing price of SEK0.25

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(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.)