AutoStore is really shooting up 25% 📈 after the Q1 figures came out this morning. I had not expected in the strong form, since it also went down quite a bit in recent weeks. The part is really worse than crypto.

Gross margin down last time, but back to record 67% this time. The price increases are starting to have an impact. In the last numbers I talked about the "hole dug by external influences in the past" that the company is in, they already seem to be wriggling their way out of that.

Sales up 21% year-on-year (but not quite as impressive as the previous quarter). Backlog higher than ever before.

Outlook for 2023 remains at the last time lowered forecast of $ 700-750 million in revenue.

Don't look a gift horse in the mouth, I'll take the profits here and have a nice dinner. That way, you can also take advantage of your allowance.

We are still in a difficult market environment, the ECB could continue to raise the key interest rate. How sustainable the +25% is remains to be seen. AutoStore's outlook has not changed yet, the next Q2 numbers could then provide another decent boost if the price increases continue to play into the results and the forecast may be raised again.

I think we will soon give back some of the gained percentages.

At €1.90, I'm back in 😁