OXE Marine kicks off Q1 with new commercial model

Oxe Marine, the company behind the industry’s first diesel outboard engine, reported consolidated results for a reduced first quarter from 16 February to 31 March 2022, following completion of a transaction acquiring US companies, Diesel Outboards and Outdoor Network Manufacturing, in exchange for shares in the combined business. Consolidated sales – including OXE Marine AB of Sweden, US-based OXE Marine Inc and OXE Marine Manufacturing – amounted to SEK 31.4 million during the six-week period, with SEK 26m attributable to sales of propulsion units, and the remainder coming from parts and accessories.