Autostore’s Q1 performance was ahead of the market expectations. Despite this beat, the stock price crashed due to the softening order intake (+32% yoy), which was 2.6% below our estimate. We don’t see this as a red flag considering the strong comparable base and significant growth opportunities in the coming years. Management also confirmed a mid-year sales growth target of 40% CAGR. The margin is likely to improve following the price increase plus the application of an aluminium surcharge. Pos ....
12 May 2022
Q1 FY22: the momentum continues
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Q1 FY22: the momentum continues
AutoStore Holdings Ltd. (AUTO:OSL) | 0 0 0.0%
- Published:
12 May 2022 -
Author:
Nishant Choudhary -
Pages:
3
Autostore’s Q1 performance was ahead of the market expectations. Despite this beat, the stock price crashed due to the softening order intake (+32% yoy), which was 2.6% below our estimate. We don’t see this as a red flag considering the strong comparable base and significant growth opportunities in the coming years. Management also confirmed a mid-year sales growth target of 40% CAGR. The margin is likely to improve following the price increase plus the application of an aluminium surcharge. Pos ....