Gaussin sales for the first semester of 2023 were half the level of the previous year mainly due to a decline in the sales of port vehicles as well as Metalliance (underground activities). In the wake of the Amazon orders, inventories also increased significantly. Moreover, the group recently raised funds via equity financing which has led to dilution. This arrangement could potentially lead to further heavy dilution as the group needs funds to ramp-up its manufacturing and deliveries.