Dear Diary,
today the Q4 and 2022 figures for AutoStore came out and I'll take the liberty of predicting today's share price.
The forecast is: 📉
While revenue was up 58% quarter-over-quarter and as much as 78% from 2021 to 2022, expectations were still not met. Growth of 80% was expected.
Same picture for profit: EBITDA grew by 50%, expected was rather 60%.
One is currently stuck in a hole, dug by past influences. Supply problems and the increased cost of aluminum caused the company to raise their prices. This will be reflected in higher gross margins this year, but the decreased order intake (-23%) and stagnating order backlog (1.4%) do not give a bullish outlook for 2023.
As a result, the outlook has been revised downwards from USD 750-800 million to USD 700-750 million.
This means that sales growth of only 20-30% is expected for this year.
In the medium term, however, the company will grow three times faster than the market and the first-time profitability in 2022 should not be neglected.
Edit:
08:26: Currently we are 4% up ... Let's see if it stays like this, I wanted to dare myself to the assessment of the figures, maybe I also grasp in the toilet 🤣
09:06: "It's going down" -8% 🫠
