AutoStore Holdings Reports First Quarter 2024 Earnings

AutoStore Holdings (OB:AUTO) First Quarter 2024 Results

Key Financial Results

• Revenue: US$138.1m (down 7.4% from 1Q 2023).
• Net income: US$20.6m (up 3.5% from 1Q 2023).
• Profit margin: 15% (up from 13% in 1Q 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

AutoStore Holdings Earnings Insights

Looking ahead, revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Machinery industry in Norway.

Performance of the Norwegian Machinery industry.

The company's shares are down 2.9% from a week ago.

Risk Analysis

We should say that we've discovered 1 warning sign for AutoStore Holdings that you should be aware of before investing here.

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