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Redeye sees a couple of bright spots in the Q3 report, such as a new record level for sales of Parts & Accessories and a solid improvement in gross margins. Total sales were however a bit lower than we expected, probably due to disturbances in the supply chain during the summer. OXE Marine is gradually expanding its customer base and overall market conditions remain favorable. The report doesn’t really give any short-term guidance and we will most likely lower our near-term growth forecasts somewhat.
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