OXE Marine AB (publ) – Q2 2020 preliminary results and business update
OXE Marine AB (publ) (the “Company”) today issues its preliminary results for Q2 2020 with a general update of the business situation. Despite the COVID-19 crisis, the Company has achieved significant improvements across the board including meaningful sales and gross margin, as well as an increase in its order book whilst reducing its cost base. The company is confident in meeting its financial target for 2020 and is now investing further to meet its growth plans for the remainder of 2020 and beyond.The Company’s preliminary results for Q2 2020, i.e. April to June 2020 (compared to Q2 2019,