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Cimco Marine: Time to rev up sales

2020-01-22

07:30

OV

HA

Oskar Vilhelmsson

Henrik Alveskog

Redeye updates its coverage of Cimco Marine, a high-risk turnaround case. Its innovative diesel outboards, which break new ground by combining belt propulsion with automotive engines, offer superior performance, environmental impact and safety while benefiting from a growing shift towards high-power, diesel outboards. We update our coverage with a cautious stance to the stock at this point, arguing that the market has overlooked the company’s once again revised targets and slower than expected sales ramp-up.

Disclosures and disclaimers