AutoStore Holdings Reports Third Quarter 2024 Earnings

AutoStore Holdings (OB:AUTO) Third Quarter 2024 Results

Key Financial Results

• Revenue: US$144.2m (flat on 3Q 2023).
• Net income: US$31.1m (down 44% from 3Q 2023).
• Profit margin: 22% (down from 38% in 3Q 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 7.5% p.a. on average during the next 3 years, compared to a 12% growth forecast for the Machinery industry in Norway.

Performance of the Norwegian Machinery industry.

The company's shares are up 7.5% from a week ago.

Balance Sheet Analysis

Just as investors must consider earnings, it is also important to take into account the strength of a company's balance sheet. See our latest analysis on AutoStore Holdings' balance sheet health.

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