AutoStore shares soar after across-the-board results beat
23/04/2026 08:57
April 23 - ** AutoStore AUTO.OL shares rise 8%, paring earlier gains of as much as 12%, after the Norwegian warehouse automation company on Thursday reported Q1 results well above the consensus ** Its Q1 revenue of around $166 million was 12% above company consensus, while order intake was around 9% above, J.P. Morgan notes ** Adj. EBITDA of $73 million was also a beat, around 18% above consensus, JPM says ** The company's management says commercial initiatives are 'starting to show positive results,' while the volume and quality of proposals and customer dialogue are 'constructive' ** JPM notes AutoStore announced six new products and capabilities in March 2026, including the CubeVerse platform and AutoStore Intelligence ** Up to the previous session's close, AutoStore shares were down 10.7% YTD (Reporting by Jakub Lubiński) ((gdansk.newsroom@thomsonreuters.com; +48 58 7696600;))