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Cimco Marine: Below expectations

2019-11-15

11:36

OV

HA

Oskar Vilhelmsson

Henrik Alveskog

Cimco Marine reported sales below our expectations of SEK 23.3m compared to estimated SEK 36m. Most notably, the company revised its financial targets as the previous have been too ambitious. Even though we did not expect the company to reach the set-out targets, the outcome was below our expectations. We will lower our projections in the coming update.

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