OXE Marine (Q3 Initial take): Some headwinds - Redeye

Redeye expected a bit more from the Q3 report which showed lower sales and earnings than we anticipated. Particularly so for high margin P&A products. Tougher price pressure in the outboard market also caused weaker gross margins. Still, we find the companys outlook encouraging as they state that: “Despite a slower quarter, we remain confident in the company’s outlook. OXE propulsion solutions are being specified into several new global projects…”.

Länk till analysen i sin helhet: https://www.redeye.se/research/1132729/oxe-marine-q3-initial-take-some-headwinds?utm_source=finwire&utm_medium=RSS