Sweden's Oxe Marine Q4 profit hit by lower rev, one-off costs; sees slow US govt market

Oxe Marine AB

27/02/2026 06:08

Overview

Swedish marine engine maker's Q4 revenue fell to SEK 30.7 mln from SEK 43.5 mln

Company's Q4 gross profit decreased to SEK 8.1 mln from SEK 11.6 mln

Company, in Q4, entered development agreement with GM Marine for new outboard engines

Outlook

OXE Marine sees slow US governmental market with delayed projects in 2026

Company anticipates growth opportunities in Europe and regions outside the US

Result Drivers

STRATEGIC PARTNERSHIP - OXE Marine entered a development agreement with GM Marine to advance new outboard engines

INVENTORY PROVISION - Increased provision for obsolete inventory and bad debt impacted Q4 results

CURRENCY AND TARIFF IMPACT - Currency effects and US tariffs negatively affected gross margin

Company press release: ID:nMFN9R1lSz

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q4 EPS
-SEK 0.03
Q4 Gross Margin
26.00%
Q4 EBITDA
-SEK 16.90 mln
Q4 Gross Profit
SEK 8.10 mln


Analyst Coverage

Wall Street's median 12-month price target for Oxe Marine AB is SEK0.60, about 88.1% above its February 26 closing price of SEK0.32

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.)