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Electronics Production | April 14, 2008

Raymarine sees Q1 results below<br>market expectations

Raymarine sees first-quarter underlying sales 'slightly below' those last year.
However, the company also stated that it had confidence to reach market expectations fort the full year 2008.

Raymarine reported that it expects underlying sales in the U.S. to decline, while sales in the UK and the rest of the world will level out.

Reasons were the delays in product launches and weak U.S. retail and dealer statistics. Some European markets were also on a low start.
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