“AutoStore delivered another strong quarter with a revenue growth of 95.2%, an adjusted EBITDA margin of 50.0%, and an impressive order intake of USD 140.0 million, bringing our order backlog to exceed USD 340 million.
AutoStore continues to benefit from a huge, underpenetrated market with high expected growth rates for fast cubic storage, driven by a strong macro backdrop of pressure on warehouse costs and productivity, acceleration in e-commerce growth, and labor shortages.We made significant progress in the quarter to further penetrate and grow this USD 230 billion addressable market for automated storage and retrieval systems,as we increased our market access in important regions, continued to gain market shares in the attractive markets within Micro Fulfillment Centres and High Throughput, and further developed our technological leadership.
With this strong momentum,we see significant opportunities for growth acceleration going forward, and reiterate 2021 revenues of approximately USD 300 million and expect the 2022 revenues to exceed USD 500 million.”
AutoStore Holdings Ltd. (AutoStore, OSE: AUTO) invites investors, analysts and journalists to the presentation of the third quarter 2021 financial results on Wednesday 24 November 2021 at 08:00 CET.
Reporting day program (CET)
06:00 – Announcement of third quarter 2021 financial results. All material will be made available on newsweb.no and autostoresystem.com.
08:00 – Presentation at Høyres Hus, Oslo. The presentation will be hosted by Karl Johan Lier, CEO, Bent Skisaker, CFO and Mats Hovland Vikse, CRO. The presentation will be followed by a Q&A.
The presentation will be broadcast live her, and you can also click here to watch the webcast.
15:00 – 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
DK: +45 78768490
US: +1 646-787-0157