“AutoStore grew revenue by 58% year-on-year and achieved an adjusted EBITDA margin of 40% in the fourth quarter of 2022, representing substantial margin improvement of 280 bps since the last quarter. This demonstrates the continued strength of the business in a challenging macroeconomic environment and ability to drive margins sequentially higher toward historical levels, as we are seeing the results of strategic pricing actions and expect to continue to drive improvements in coming quarters. The AutoStore team had another outstanding year, generating revenue of USD 584 million, up 78% from 2021, and thereby achieving our ambitious growth goal for the year. Adjusted EBITDA amounted to USD 238 million – up 50% from 2021. A robust quarterly order intake of USD 153 million brought the order backlog to USD 476 million at year-end, leaving us well-positioned for a successful 2023,” said Mats Hovland Vikse, CEO.
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.
06:00 - Announcement of the fourth quarter 2022 financial results. All material will be made available on www.newsweb.no and www.autostoresystem.com.
08:00 - Presentation at Høyres Hus, Oslo. The presentation will be hosted by Mats Hovland Vikse, CEO, and Bent Skisaker, CFO. The presentation will be followed by a Q&A.
The presentation will be broadcast live below, and you can also click here to watch the webcast.
16:00 - Earnings call and Q&A. Audio only. Participants are encouraged to dial-in 5 to 10 minutes in advance for registration.
PIN code for all countries: 366151
DK: +45 78768490
US: +1 646-787-0157
For further information, please contact:
Hiva Flåskjer, VP Investor Relations, AutoStore AS Telephone : +47 958 66 790 I email@example.com
If you are having issues viewing the webcast,click here