Cimco Marine AB (publ) publishes annual report for 2017
Cimco Marine AB (publ) annual report for 2017 is now published on their website http://www.oxe-diesel.com/category/financial-report/ and also attached as a pdf to this release.
The annual report is for the financial year 01/01/2017–31/12/2017.
This is information that Cimco Marine AB is obliged to make public pursuant to the Securities Markets Act. The information was submitted for publication at 07:30 AM CET on 28th of March 2018.
For further information, please contact:
Cecilia Anderberg, CEO, Cimco Marine AB, +46 763-10 22 50,
Andreas Blomdahl, Chairman of the Board of Cimco Marine AB, +46 706-28 01 30,
Myron Mahendra, CFO, Cimco Marine AB, +46 763-47 59 82,
Lars Sjögrell, Head of Public Relations, Cimco Marine AB, +46 702 69 53 00,
Västra Hamnen Corporate Finance AB is Certified Adviser for Cimco Marine AB.
Cimco Marine AB (publ) has, after several years of development, constructed the OXE Diesel, the world's first diesel outboard engine in the high power segment. OXE Diesel has a unique belt driven propulsion system that allows a hydraulic multi-friction gearbox to be mounted. This means that the engine can handle significantly higher loads than a traditional outboard engine. Cimco's OXE Diesel has a horizontally mounted engine as opposed to a traditional outboard with a vertically mounted engine.