AutoStore has produced strong performance in Q3 FY21. Despite robust top-line momentum, the margins came under pressure due to rising aluminium prices and other supply-chain related constraints. While this might continue in the near term, we expect profitability and earnings to rebound in the mid-term. Two new partners are on board and management has reconfirmed the sales outlook for FY21 and FY22. Positive stock recommendation is maintained for this warehousing automation player.
24 Nov 2021
The momentum continues
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The momentum continues
AutoStore Holdings Ltd. (AUTO:OSL) | 0 0 0.0%
- Published:
24 Nov 2021 -
Author:
Nishant Choudhary -
Pages:
3
AutoStore has produced strong performance in Q3 FY21. Despite robust top-line momentum, the margins came under pressure due to rising aluminium prices and other supply-chain related constraints. While this might continue in the near term, we expect profitability and earnings to rebound in the mid-term. Two new partners are on board and management has reconfirmed the sales outlook for FY21 and FY22. Positive stock recommendation is maintained for this warehousing automation player.