OXE Marine: Impressive gross margins - Redeye
Redeye is happy to see firm top-line growth around 20%, coupled with clearly higher gross margins than expected. Q3 gross margins of 36% is a new ATH and in our view a validation of OXE Marines leverage and long-term business case. Also, Opex in Q3 appears to be lower than we anticipated, adjusted for one-off items. Following two recent wins of Governmental procurements (US and the Philippines), we will most likely raise our near-term forecasts.
Länk till analysen i sin helhet: https://www.redeye.se/research/952004/oxe-marine-q3-2023-impressive-gross-margins?utm_source=finwire&utm_medium=RSS