Ask me later

Ask me later

How likely are you to recommend Redeye to a friend or colleague?

1

2

3

4

5

6

7

8

9

10

Not likely

Very likely

Not likely

1

2

3

4

5

6

7

8

9

10

Very likely

Message received

Thanks again for rating us!

OXE Marine: On the right track

HA

Henrik Alveskog

Redeye is happy to see increasing production rates and good prospects for a continued ramp up. Gross margins are inching up further and Opex is very well contained. Despite good progress, we’d be surprised if OXE Marine will be able to meet its financial target of positive operational cash flow in Q4. We have made some adjustments in our near-term forecasts, slower growth trajectory but also lower costs. On balance the impact on our valuation is modest. Our Base case fair value is around SEK 2.1 per share (previously: SEK 1.9).

Sign up for free to continue

Already a member?

Sign in

Disclosures and disclaimers