Cimco Marine AB (publ) – clarification on press release dated 2017-08-29
The board of Cimco Marine AB (publ) has assessed that the company will not meet the previously communicated sales target of 500 OXE units during 2017. Consequently, the turnover target of 150 MSEK and the positive cash flow target for 2017 will also not be met.Apart from delays in ramp-up from some vendors, Cimco has received feedback from a few selected customers on a potential technical quality issue with one of the components used for the OXE diesel outboard and has hence started an investigation to define if this is a quality assurance issue or if it is related to specific customer