OXE Marine Q3’21: First impression

Research Note

2021-10-29

12:33

Redeye is encouraged to see that OXE Marine is making good progress in the third quarter. Despite some constraints in the supply of components announced earlier, sales are increasing Q/Q. Gross margins are stable and Opex lower than we expected. The ramp up continues and Q4 will probably see significant improvements in the P&L. Maybe even positive cash flow, which is one of OXE Marine’s financial targets.

Henrik Alveskog

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