AutoStore: Annual report, including sustainability report for 2021
(Oslo, 28 April 2022): AutoStore Holdings Ltd. (AutoStore, OSE:AUTO) today announces the annual and sustainability reports for 2021.
“In summary, 2021 was an exceptional year for AutoStore – with significant growth and a record-high order intake. Thanks to our proven expansion strategy, strong demand across regions, end markets, and warehouse categories, we see significant opportunities for growth acceleration going forward,” says Karl Johan Lier, Chief Executive Officer of AutoStore.
AutoStore delivered revenue of USD 327.6 million in 2021, up 79.8% from 2020, and an adjusted EBITDA margin of 48.4%. The order intake increased by 158.6% to USD 620.9 million at the end of 2021, driven by a significant shift and acceleration in e-commerce penetration.
“The impressive growth is the result of hard work by our team and partners and illustrates the potential of our significant, underdeveloped target market, in which we expect continued high demand. Key market drivers include a strong macro-economic backdrop of rising warehouse costs and productivity pressure, accelerating e-commerce growth, a need for supply chain resiliency, and labor shortages,“ Lier adds.
The AutoStore 2021 sustainability report has been prepared in accordance with the Global Reporting Initiative (GRI) Standards for sustainability reporting.
“At AutoStore, we regard sustainability measurement, management and reporting as long-term value drivers that help build resilience across the business. Ongoing identification and addressing of sustainability issues are key aspects of delivering on our value creation strategy. Even more, we believe that our products and solutions help our customers and partners meet their sustainability goals, and as such – through our wide network of partners – AutoStore can make a positive impact to a more sustainable future, “Lier concludes.
The annual and sustainability reports for 2021 are enclosed.
*EBITDA and other alternative performance measures (APMs) are defined and reconciled to the IFRS financial statements as part of the APM section of the 2021 annual report on page 218 - 221.
ENDS
For further information, please contact:
Hiva Ghiri, VP Investor Relations, telephone: +47 958 66 790 [email protected]
About AutoStore
AutoStore is an innovative robotic and software technology company, and a pioneer of cubic storage automation. The group operates in the rapidly growing warehouse automation industry, and in the even faster growing cube storage segment. AutoStore develops warehouse solutions for the future and helps its customers to enable space
