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OXE Marine: Directed share issue

HA

Henrik Alveskog

Redeye sees no big drama in the news announced last week. OXE Marine carried out a directed share issue of SEK ~23m to secure an intermediate need for further funding. The reason is related to constraints in the sourcing of components affecting the planned ramp-up of production. Management seems confident on being able to resolve the situation shortly and still expect a significant increase in production during Q4. Hence, we are only making short-term adjustments to our forecasts with minimum impact on valuation.

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