Norway's AutoStore Q1 revenue nearly doubles to top estimates on automation demand

AutoStore Holdings

23/04/2026 05:23

Overview

Norway automation tech firm's Q1 revenue grew 92.9% yr/yr, beating analyst expectations

Order intake for Q1 rose 27% yr/yr to USD 179.4 mln

Adjusted EBITDA margin for Q1 improved to 44.0%

Outlook

AutoStore says customers are prioritizing resilient, flexible supply chains amid uncertainty

Company sees improving activity levels and increased confidence in long-term automation

AutoStore expects its AI platform to deliver real-time insights and continuous improvement for customers

Result Drivers

ORDER INTAKE GROWTH - Q1 order intake rose 27% yr/yr, contributing to revenue growth and a larger backlog

AI AND DATA PLATFORM - Launch of new AI, cloud and data platform aimed at turning operational data into intelligence for customers, per CEO Mats Hovland Vikse

CUSTOMER DEMAND FOR AUTOMATION - Co said customers are prioritizing resilient, flexible supply chains, driving demand for automation solutions

Company press release: ID:nWkr4hm8yd

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Revenue
Beat
$165.8 mln
$158.25 mln (4 Analysts)
Q1 Gross Margin
72.7%
Q1 Adjusted EBITDA Margin
44%
Q1 Orders
$179.4 mln


Analyst Coverage

The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 7 "strong buy" or "buy", 6 "hold" and 3 "sell" or "strong sell"

The average consensus recommendation for the industrial machinery & equipment peer group is "buy."

Wall Street's median 12-month price target for AutoStore Holdings Ltd is NOK12.36, about 17.1% above its April 22 closing price of NOK10.55

The stock recently traded at 23 times the next 12-month earnings vs. a P/E of 27 three months ago

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)