(Nedre Vats, 25 April 2024): AutoStore Holdings Ltd (AutoStore, OSE:AUTO) today publishes its annual report for 2023. The report combines annual financial and sustainability reporting.
Throughout 2023, AutoStore focused on strategy and operational excellence to gain share in an underpenetrated market. The result was continued year-over-year revenue growth of 10.6 percent, increased market share and a return to historically high adjusted EBITDA margins of 47.8 percent.
During 2023, AutoStore reached 1,400 systems sold in total, delivered to 1,000 customers in 54 countries. In total, AutoStore has sold 64,500 robots across the globe.
"AutoStore continues to attract business and outgrow the market. Consumer-orientated businesses have been more careful with investments in the past 12-24 months, with decision-making processes often taking longer. However, there is no diminished appetite for automation, with stable demand throughout the period and strong positive signs developing in the wider market," commented Mats Hovland Vikse, AutoStore CEO.
The report follows enclosed as a PDF and ESEF format. To download the report, please visit: www.autostoresystem.com/investors/reports-presentations
For further information, please contact: Jo Christian Lund-Steigedal, Investor Relations
Telephone: +47 41508733 | Info.ir@autostoresystem.com
This information is subject to disclosure requirements pursuant to Section 5-12 of the Norwegian Securities Trading Act.
About AutoStore | www.autostoresystem.com
AutoStore™, founded in 1996, is a technology company that develops order-fulfillment solutions to help businesses achieve efficiency gains within the storage and retrieval of goods. The company offers both hardware and software capabilities and the AutoStore technology is interoperable with other third-party solutions.
AutoStore is global, with ~1,450 Systems in 54 countries. All sales are distributed, designed, installed, and serviced by a network of qualified system integrators referred to as "partners".
AutoStore was founded in Nedre Vats, on the west coast of Norway. The company has offices in Norway, the U.S., UK, Germany, France, Spain, Italy, Austria, South Korea, Japan, Australia, and Singapore, as well as assembly facilities in Poland.