AutoStore Holdings Ltd

AUTO

Equity

ISIN BMG0670A1099 / Valor 114227315

Oslo Stock Exchange (2025-10-20)

NOK 9.21-2.02%

AutoStore Holdings Ltd
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About company

AutoStore Holdings Ltd, established in 1996 in Nedre Vats, Norway, is a leading technology company specializing in the development of automated storage and retrieval systems for optimizing the efficiency of order fulfillment processes. The company's innovative solutions encompass both hardware and software, designed to be interoperable with third-party systems, thereby offering flexible integration options for a wide range of business needs. With a global presence, AutoStore operates in over 50 countries, supported by a network of qualified system integrators known as partners. The company's reach extends through offices located in key markets including the United States, United Kingdom, Germany, France, and several others, alongside production facilities in Poland. AutoStore's technology is utilized in more than 1,250 systems worldwide, facilitated by a fleet of over 58,500 robots. The company's growth and expansion have attracted significant investment, notably from SoftBank, Thomas H. Lee Partners, L.P., and EQT Private Equity. With a strategic focus on continuing its global expansion, AutoStore is positioned to further its influence in the automation and logistics sectors under the leadership of its recently appointed CEO, Mr. Hovland Vikse, and interim Chief Revenue Officer, Mr. Dickson, both of whom bring extensive experience in automation and commercial strategy.

Summarized from source with an LLMView SourceSector: Industrials

Revenue Performance

In Q2 2025, AutoStore Holdings Ltd generated total revenue of USD 133.9 million, marking a 55.8% increase compared to the previous quarter. However, compared to Q2 2024, revenue decreased by 13.1%, primarily due to continued caution among certain customers amid an uncertain market environment.

Gross Margin

The gross margin for Q2 2025 stood at 70.8%, a decline of 2.2 percentage points year-over-year. Excluding a one-time inventory write-down of USD 8.5 million related to the ended B1 Robot business line, the adjusted gross margin was 75.2%, demonstrating the underlying strength of the company’s operations.

Adjusted EBITDA

Adjusted EBITDA for the quarter reached USD 84.8 million, with an adjusted EBITDA margin of 47.6%. This reflects an increase of 23.1 percentage points quarter-over-quarter, although it represents a slight decline of 1.1 percentage points compared to the same period last year.

Order Intake and Backlog

AutoStore reported an order intake of USD 150.3 million in Q2 2025, a 6.4% increase from the previous quarter and a 6.3% rise year-over-year, driven by favorable currency effects. The order backlog grew to USD 529.2 million, up by 3.2%, indicating sustained demand for the company’s solutions.

Strategic Transformation

The company continued its transformation by ending the B1 Robot business line, resulting in a one-time inventory write-down of USD 8.5 million. Additionally, AutoStore launched the AutoStore-as-a-Service (ASaaS) offering to provide more flexible, subscription-based solutions. These initiatives are part of the company's efforts to enhance operational efficiency and align its product portfolio with evolving market needs.

Summarized from source with an LLMView Source

Key figures

-7.48%1Y

-48.9%3Y

%5Y

Performance

69.8%1Y

65.2%3Y

68.6%5Y

Volatility