Capital Markets Day

AutoStore’s Capital Markets Day Wednesday September 18, 2024

NEDRE VATS, Norway (September 18, 2024)—Today, AutoStore™ is hosting its second Capital Markets Day in Manchester, UK.

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“We are excited to spend the day with investors and analysts, highlighting our robust position. AutoStore’s platform for expanding market share is supported by our competitive differentiation, innovative product portfolio, efficient go-to-market model, and broad market reach”, said Mats Hovland Vikse, CEO at AutoStore.

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Since 2020 AutoStore has consistently outperformed the market, with a CAGR of 53% compared to 7% for the market during the same period. However, the recent challenging market backdrop has impacted the company’s short-term performance. At the Capital Markets Day, the company is presenting its guidance for the year.

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“We are not immune to the uncertain macroeconomic backdrop, but we continue to perform in line with- or better than the market and are guiding for 2024 revenue of USD 575-600 million”, said Paul Harrison, CFO at AutoStore.

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At the event, CEO Mats Hovland Vikse, together with senior members of the management team, will provide updates on AutoStore’s growth agenda, market position, and product strategy. This will be enhanced by insights from customers attending the event.

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Key highlights presented at the Capital Markets Day include:

The warehouse automation market is expected to grow with a projected CAGR of 14% from 2024-2032.
Cubic storage is emerging as the leading technology within ASRS light, accounting for 13% of the market and will continue to gain share. AutoStore is leading the cubic storage market with 97% of the installed base.
Focus areas to drive organic growth include the land and expand model, high throughput opportunities, go-to-market strategy expansion, and product innovation.
Continuous investment in product development includes innovations like the AutoStore™ Multi-Temperature Solution™, expanded Grid height, R5 Pro Robot, and Pio 100 solution for the SMB market.

The event was recorded and can be viewed below.