Press Releases

AutoStore Publishes 2022 Annual Report

In 2022, AutoStore experienced a year of major milestones, including a total of 1,150+ systems sold worldwide.

AutoStore: Q1 2023 financial results

AutoStore Holdings Ltd – Rotation and appointment of board members

(Nedre Vats, 21 April 2022): AutoStore Holdings Ltd (AutoStore, OSE:AUTO) Board member Sam Merksamer has informed the board of directors of AutoStore that he rotates off from the company's board of directors with effect from April 20[th]. Further, Softbank has decided to appoint Sumer Juneja and Vikas Parekh as new members of the board of directors with effect from April 20[th]. Vikas Parekh will be replacing Sam Merksamer as co-chair of the board. Moreover, Thomas H. Lee Partners has decided to appoint Edzard Overbeek as new member of the board of directors with effect from April 20[th], replacing Magnus Tornling who stepped down in September 2022. The co-chair of the board of directors, Jim Carlisle, thanks Sam for his valuable contributions to the board, and welcomes the new appointments, respectively. The board of directors will continue to constitute a quorum after the announced rotation and appointments.   

AutoStore Holdings Ltd. – UK judgment has no impact on AutoStore’s business

AutoStore Launches Pay-Per-Pick Service Option to Address Fast-Growing Demand for Fulfillment Automation

Technology, digital services and logistics provider THG Ingenuity signs global distribution partnership agreement to provide AutoStore systems on a pay-per-pick model

AutoStore: Q4 2022 financial results

Fourth quarter 2022 highlights (All comparisons to corresponding period in 2021) · Revenue of USD 148 million, up 58% from USD 93 million · Gross profit of USD 90 million, up from USD 62 million · Gross margin of 61%, down from 66% in Q4 2021, however 650 bps of sequential improvement from Q3 2022 · Adjusted EBITDA[1] of USD 59 million, up 44% from USD 41 million · Adjusted EBITDA[1] margin of 40%, down from 44% in Q4 2021, however 280 bps sequential improvement from Q3 2022 · Quarterly order intake[2] of USD 153 million brought the order backlog[3] to USD 476 million · Simplified free cash flow[1] was USD 45 million, up from USD 30 million, equating to a cash flow conversion rate of 77% (73%) Full year 2022 highlights · Revenue of USD 584 million, up 78% · Adjusted EBITDA1 of USD 238 million, up 50% Full year 2023 guidance · Revenue of USD 700 to 750 million [1] Please refer to APM section for further explanations and details on APM measures on page 28 of the third quarter 2022 financial report. [2] Order intake is defined as value of projects where a distribution partner has received a purchase order or verbal confirmation that a specific installation will be ordered. [3] Order backlog is defined as the total value of order intake not yet shipped and for which revenue has not yet been recognized. [4] Interest-bearing liabilities and lease liabilities less cash and cash equivalents.

AutoStore: Invitation to presentation of the fourth quarter financial results

(Nedre Vats, 3 February 2023): AutoStore Holdings Ltd (AutoStore: OSE:AUTO) invites investors, analysts and journalists to join the presentation of the fourth quarter 2022 on Thursday 16 February 2023 at 08:00 CET.

AutoStore Announces CFO Transition

NEDRE VATS, NORWAY (November 28, 2022) – AutoStore Holdings Ltd. (AutoStore, OSE:AUTO) today informs that a global search for a new Chief Financial Officer has been initiated. Current CFO Bent Skisaker has informed the company of his intention to step down to pursue other opportunities. He will remain in the role until a replacement is in place.

AutoStore appoints Mats Hovland Vikse as new CEO

Nedre Vats, Norway (November 17, 2022) – AutoStore Holdings Ltd. (AutoStore, OSE:AUTO) today announce the appointment of current Chief Revenue Officer Mats Hovland Vikse as CEO, effective January 1, 2023. Current CEO Karl Johan Lier will retire as part of an orderly and planned transition. Lier will be employed in AutoStore until March, 2023.

AutoStore: Q3 2022 financial results

AutoStore expands its grocery offering by delivering its first automated grid with a frozen zone to StrongPoint

(Nedre Vats, 24 October 2022): AutoStore Holdings Ltd. (AutoStore, OSE:AUTO) the robot technology company that invented, and continues to pioneer, cubic storage automation, has received its first order for a multi-temperature grid, now also including a frozen temperature zone. The new grocery offering enables retailers to achieve next-level warehouse efficiency and creating a better work environment for employees by decreasing exposure to cold temperatures as well as substantially decreasing energy costs.

AutoStore Holdings Ltd – Resignation of board members

Board members Magnus Tornling and Ram Trichur have informed the board of directors of AutoStore Holdings Ltd. ("Autostore" or the "Company") that they resign from the Company's board of directors with effect from September 29[th] and 25[th] respectively. THL and SoftBank will appoint new board representatives to replace Magnus Tornling and Ram Trichur in due course. The co-chairs of the board of directors thank both Magnus Tornling and Ram Trichurfor for their valuable contributions to the board. The board of directors will continue to constitute a quorum after the announced resignations and appointments.

AutoStore: Mandatory notification of trade by primary insider

Primary insider in AutoStore Holdings Ltd. (AutoStore, OSE: AUTO), Viveka Ekberg, board member, has on 19 August 2022, acquired a total of 40,000 shares in AutoStore.

AutoStore: Second quarter 2022 financial results

(Nedre Vats, 18 August 2022): AutoStore Holdings Ltd. (AutoStore, OSE:AUTO)  today announced its second quarter 2022 financial results · Reported revenue of USD 165.6 million in the second quarter of 2022, up  93.6% from the corresponding quarter last year (85.5) · Adjusted EBITDA margin of 42.0% (50.0%) · The order intake ended at USD 161.3 million and order backlog was USD 477.6 million, supporting the revenue guidance of USD 550-600 million for the full year and the initiation of revenue ambitions of USD 700-800 million in 2023

AutoStore: Invitation to presentation of the second quarter and first half 2022 financial results

(Nedre Vats, 4 August 2022): AutoStore Holdings Ltd (AutoStore: OSE:AUTO) invites investors, analysts and journalists to join the presentation of the second quarter and first half results of 2022 on Thursday 18 August 2022 at 08:00 CEST.