OXE Marine AB (publ) Interim report 1 January to 31 March 2023

We can be clear – during the last 12 months and thanks to our company being in much closer contact to our users, we have learned a lot about specific applications where we must improve – "the devil is in the details". This has led to a program where we have made technical upgrades and initiated a program to develop service, support and availability, and these upgrades were all completed during March where at the end of March we delivered fully upgraded engines to the customers requiring these additional features. Basically, all deliveries in Q1 took place during the last two weeks of the quarter – showing the potential in our organization and how we now can perform together with our partners. In retrospect, we learnt from this and how to be faster in implementing enhancements to our products, but we can also conclude that with the extra testing and focus on establishing solid supply chain solutions – it takes time.
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