OXE Marine Q1’21: Initial take

Research Note



Redeye is encouraged to see the improvement in gross margins while cost items are well contained. Net sales of SEK 10m is still on a low level, but we expect to see a strong growth trajectory during the current year. OXE Marine’s ambition is to deliver its entire orderbook of SEK 141m in 2021. As far as we understand activities are running according to plan and we are now somewhat more confident in our forecasts, that imply solid growth over the next few years.


Henrik Alveskog

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