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Redeye’s estimates are basically in line with reported numbers, when adjusting for non-recurring items. OXE Marine is showing good progress in sales and underlying profitability. However, some significant, and hopefully temporary, costs impacted margins and earnings in the quarter. Regarding the outlook, management is not very detailed, but remains optimistic as OXE is gradually improving its market position. Following the Q2 report we will primarily make some near-term adjustments. Particularly relating to higher costs in 2023.
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