Q2 Results 2023
“AutoStore grew revenue to USD 176 million, up 6% and achieved a gross margin of 68%, an increase of 11 pp. year-over-year. Adjusted EBITDA margin increased to 50%, versus 42.0% in the prior year quarter. This represents the third consecutive quarter of margin improvement, which demonstrates the strength and profitability of AutoStore and a return to our historical and industry leading margin levels, said Mats Hovland Vikse, CEO.”
(Nedre Vats, 10 August 2023): AutoStore Holdings Ltd (AutoStore: OSE:AUTO) invites investors, analysts and journalists to join the presentation of the second quarter 2023 financial results on Thursday 17 August 2023 at 08:00 CEST via a live webcast and earnings call.
06:00 - Announcement of the second quarter 2023 financial results. All material will be made available on www.newsweb.no and www.autostoresystem.com.
08:00 - Presentation will be held only via live webcast and earnings call. The presentation will be hosted by Mats Hovland Vikse, CEO and Bent Skisaker, CFO. The presentation will be followed by Q&A.
Earnings call and Q&A. Audio only. Participants are encouraged to dial-in 5 to 10 minutes in advance for registration.
Participants dial-in numbers:
PIN code for all countries: 366151
NO: +47-2195-6342
SE: +46-8-1241-0952
DK: +45-7876-8490
UK: +44-203-769-6819
US: +1-646-787-0157
The presentation will be broadcasted live at Q2 Results 2023 (autostoresystem.com), and can also be streamed at https://channel.royalcast.com/hegnarmedia/#!/hegnarmedia/20230817_1
For further information, please contact:
Hiva Flåskjer, VP Investor Relations, AutoStore AS Telephone : +47 958 66 790 I hiva.flaskjer@autostoresystem.com
About AutoStore
AutoStore, founded in 1996, is a technology company that develops order -fulfillment solutions to help businesses achieve efficiency gains within the storage and retrieval of goods. The company offers both hardware and software capabilities and the AutoStore technology is interoperable with other third -party solutions. AutoStore is global, with ~1,200 Systems in 49 countries. All sales are distributed, designed, installed, and serviced by a network of qualified system integrators referred to as "partners". AutoStore was founded in Nedre Vats, on the west coast of Norway. The company has offices in Norway, the U.S., UK, Germany, France, Spain, Italy, Austria, South Korea, Japan, Australia, and Singapore, as well as production facilities in Koszalin, Poland. For more information about AutoStore, see www.autostoresystem.com.
