Oxymat terminates distributor agreement


Oxymat has announced it has terminated the previously announced distributor agreement with Pres-Vac Engineering.

But this action hasn’t hampered business for Oxymat as the company has announced it signed contracts in 2014 worth more than €23m – 25% higher than expected.

This year, more than 50% of the order intake has come from the marine industry – where Oxymat has become known as a high-end quality supplier with competitive prices.

Oxymat expects a significant increase in revenue and EBITDA for 2015 and estimations for next year are €22-24m and an EBITDA ratio around 14-15 %.

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