Oxe Marine Ab ( (CMMCF) ) has released its Q2 earnings. Here is a breakdown of the information Oxe Marine Ab presented to its investors.
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OXE Marine AB is a Swedish company specializing in the production of high-performance diesel outboards, known for their unique and patented high torque transmission solutions, catering to the global marine sector.
In the second quarter of 2025, OXE Marine AB reported a significant increase in net turnover, reaching SEK 61.2 million, a 35% rise compared to the same period last year. The company also improved its gross margin to 37%, up from 32% in the previous year, highlighting a strong demand for its products.
Key financial highlights include a 43% increase in propulsion sales, reaching SEK 48.6 million, marking the highest quarterly propulsion sales recorded. The company also reported a substantial improvement in EBITDA, which stood at SEK -0.7 million compared to SEK -11.3 million in the previous year, driven by increased sales and effective cost management.
Despite the improvements, OXE Marine reported a net loss of SEK 9.6 million for the quarter. However, the company remains focused on achieving profitability and expanding its operations, including the expansion of its Ängelholm facility to support its growing customer base.
Looking ahead, OXE Marine aims to continue its growth trajectory by focusing on profitability and sales expansion, while navigating potential challenges such as US tariffs and macroeconomic factors. The company is optimistic about its future prospects, supported by strategic initiatives and a strong product demand.