Railcare: Air Pocket in Q2 - Redeye

Redeye was surprised to see the huge drop in construction activities during Q2, causing declining revenues and even a reported loss on group level. Although this was somewhat of an air pocket, it is still noteworthy. Great general market conditions are sometimes not enough to generate good business. Railcare is bidding for projects in Hong Kong, which certainly could be a huge future growth market. We expect more information on these activities soon. We have lowered our margin assumptions somewhat as a general precaution.

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