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Redeye’s expectations on the Q1 numbers were rather modest as Heliospectra is in a transitional phase following its strategic shift. Sales and earnings are basically in line and gross margins surprisingly strong. We are encouraged to see that a credit facility has been secured that extends to February 2023. This will enable Helispectra to make the investments necessary to implement the new strategy. As for the very short-term outlook, we will most likely lower our forecasts a bit further on the back of slow order intake in the quarter.
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