OXE Marine Q1’22: First impression - Redeye

Redeye was hoping for a bit more in terms of sales given the strong growth trend during the second half of last year. OXE is however making progress and the gross margin is improving further. The report doesn’t give any real guidance in terms of customer orders or market demand. However, the company remains optimistic about the prospects for the new group. We will probably lower our near-term growth expectations somewhat.

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