AutoStore continued its exceptional growth story – underlined by 79.8% revenue growth from 2020.
Delivered strong adjusted EBITDA margin* despite increased raw material prices following global supply chain issues.
Order intake increased by 158.6% from 2020, driven by a significant shift and acceleration in e-commerce penetration.
The AutoStore strategy builds on its competitive strengths and provides a framework for strong growth in the years ahead. The company plans to invent, design, market, and promote innovative technologies and software to expand usage of the AutoStore system in existing and newly addressable markets.
The automated storage and retrieval systems (AS/RS) market is growing rapidly as a result of several underlying global megatrends that are ultimately driven by warehouse owners’ demand for automated facilities. The favorable trends driving market growth include growing e-commerce, increasing automation, changing customer demand, and an enhanced sustainability focus.
The addressable AS/RS market currently totals approximately USD 230 billion, including approximately USD 160 billion linked to light AS/RS systems – an AutoStore specialism. Approximately 85% of warehouses in the light AS/RS market (USD 135 billion) have yet to be automated, leaving significant room for growth.
AutoStore anticipates that these strategies will bring further growth capacity, shorter delivery times, and increased supplier diversification. Key strategic priorities include:
On our mission to impact the world’s sustainability through our world-class solutions. We believe our products and solutions will help our customers and partners meet their goals for a more sustainable world and that AutoStore – through our wide network of partners – can make a strong impact on our world's path to a more sustainable future.
At AutoStore, we regard sustainability measurement, management, and reporting as long-term value drivers that help build resilience across the business. Ongoing identification and addressing of sustainability issues is a key aspect of delivering on our value creation strategy.
We started our sustainability reporting journey last year, issuing first-ever sustainability report for AutoStore. On April 28, we published our second sustainability report, addressing key topics including business ethics, working environment, and the environment.