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Onsdag 28 Oktober | 18:57:55 Europe / Stockholm

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Redeye

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OXE Marine - Sales picking up

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OXE Marine - Sales picking up

2023-07-31 09:25:00

Redeye is encouraged by the improved sales in Q2. Also, gross margins were at healthy levels of 30%, when adjusting for inventory write-downs. Q2 earnings are impacted by several cost items labeled as non-recurring, hence a significant loss. But we believe the company will improve its financial performance going forward. Our overall view remains intact, and we are basically only making changes to our near-term forecasts (2023 earning).

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This is a press release from Redeye - Research Powered Investment Banking. www.redeye.se/