Autostore updates 2023 revenue guidance, shares rise
18/08/2022 08:31
** Shares in Autostore AUTO.OL are up nearly 5% after the
co reported Q2 adjusted EBITDA above consensus and upgraded its
2023 revenue guidance urn:newsml:reuters.com:*:nFWN2ZT5GF
** The co reported Q2 adjusted EBITDA at $69.5 million
versus company compiled consensus at $61.7 million
** The Oslo-listed robotics company said it would maintain
its 2022 guidance but they provided an early estimation for 2023
revenue guidance of between $700-800 million
** Jefferies says there was a "strong set of Q2 results",
pointing to co's adjusted EBITDA at $69.5 million
** Citi says the new 2023 revenue ambition supports
expectations and Jefferies says the guidance should be
positively received
** Autostore is among top performers on the Pan-European
STOXX 600 index .STOXX
(Reporting by Marie Mannes)
((Marie.mannes@thomsonreuters.com))