Redeye is happy to see solid sales growth, in line with our expectations, in the second quarter. Gross margins are lower, partly due to a higher book value in the stock of engines acquired in the US merger. Gross margins are expected to improve in the second half of 2022. Management seems optimistic about market conditions in general and OXE Marine’s position and opportunities in particular. We will probably only make some minor adjustments to our forecasts.
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