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OXE Marine: Comments on Preliminary Q1 Numbers and COVID-19

2020-04-22

07:00

OV

HA

Oskar Vilhelmsson

Henrik Alveskog

OXE marine published preliminary Q1 numbers below our expectations where sales at the end of Q1 2020 were affected by the Corona crisis, where customers requested deferral of their orders. On the back of the weak near-term outlook, we lower our sales forecast for FY’20 by 20% and consequently decrease our base case valuation to SEK 1.3 (1.4).

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