Some new increases

The container crisis and the chip crunch crisis seem to be easing, and although on a concrete level this is not yet perceptible, we are confident that these two crises may be coming to an end in the next two years.

The international political crisis is undoubtedly the biggest concern today. We in the boating industry come from two exciting market seasons, so we are confident that for us the impact will be less, but certainly the horizons are not clear.

At the moment for us this crisis affects the impact it has had in the exchange rate relationship between the Euro and the Dollar. The loss of our currency is well known to all and we are unfortunately in the need to adjust some of our list prices.

The increases at the moment have affected only those brands that are purchased with the U.S. dollar, so we are talking about: Cobra Marine, "Boss Marine," Kestrel, StanPro, and CruzPro.

The other brands, including GME, Steiner, Bluefin LED, Nav-Station and Exposure Lights have not experienced some changes.

The increases were substantial in the case of Cobra Marine, where until now we had seen particularly small increases, but we knew that sooner or later, we would have to realign prices to current costs.

For "Boss Marine," we are happy to maintain, at least for the time being, the same prices for all stereo models, this is due to a good assortment done before our costs increased. While for speakers, amplifiers and all other accessories, the increase was around 12 percent. It remains clear that if currency exchange rates do not change the current trend, we will be further along in the need to increase stereo prices as well.