OXE Marine Q1 2023: First impression - Redeye

Redeye expected significantly stronger Q1 numbers from OXE Marine. Apparently, the problems experienced in Q4 with warranty issues, also impacted Q1. Sales in the Propulsion segment was weak while Parts & Accessories showed continued solid growth. We will most likely lower our near-term forecasts. Partly due to the weak Q1 but also the fact that we have very limited transparency into order backlog and business activities.

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