AutoStore enjoys best day ever after 128% EBITDA beat

AutoStore Holdings

14/08/2025 08:29

** Shares in AutoStore AUTO.OL are up around 35% after the Norwegian automated storage systems company posted better-than-expected Q2 results

     ** Jefferies highlights that AutoStore's earnings of $64 million came in 128% ahead of company consensus

** Adjusted EBITDA margin came at 48%, "back in line with historical range helped by cost savings," the brokerage notes

** "After a weak Q1, it saw a strong sequential rebound in Q2," Jefferies says

** AutoStore orders of $150 million for Q2 were 28% ahead of company consensus

** Despite no guidance, Jefferies says it expects double-digit upward revisions to company consensus

** Excluding today's gains, AutoStore shares were down almost 40% year-to-date

** The stock, on track for its best day ever, hits its highest price since April

 (Reporting by Anna Chaberska)

 ((Anna.chaberska@thomsonreuters.com;))