AutoStore: First quarter 2022 financial results

(Nedre Vats, 12 May 2022): AutoStore Holdings Ltd. (AutoStore, OSE:AUTO) today announces revenue in the first quarter 2022 of USD 123.1 million, up 91.9% from the corresponding quarter in 2021 (USD 64.1 million), and an adjusted EBITDA of USD 54.2 million (32.3). The company had an order intake of USD 160.6 million, bringing the backlog to USD 487.0 million. AutoStore today hosts the Capital Markets Day 2022 at 14:30 CEST and reiterates the 2022 revenue guidance of USD 550-600 million with expected margin improvements going into 2023.