Norway's AutoStore Q2 revenue beats estimates on strong order intake
Norway's AutoStore Q2 revenue beats estimates on strong order intake
Overview
Norway warehouse automation firm's Q2 revenue rose 43% yr/yr, beating analyst expectations
Order intake up 45% yr/yr; order backlog reached $596 mln after record intake
Company to launch $75 mln share buyback program
Outlook
AutoStore expects full-year 2026 revenue around $700 mln, up about 30% from 2025
Company says continued commercial momentum supports its 2026 revenue outlook
Result Drivers
COMMERCIAL MOMENTUM - Co said record revenue and order intake reflect continued commercial momentum and execution of growth initiatives
STRONG CASH GENERATION - Co highlighted 84% cash flow conversion, underscoring its highly cash-generative business model
Company press release: ID:nWkr6FpKPf
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q2 Revenue | Beat | $192 mln | $169.50 mln (6 Analysts) |
Q2 Gross Margin |
| 72.20% |
|
Q2 Adjusted EBITDA Margin |
| 44.9% |
|
Q2 Order Backlog |
| $596 mln |
|
Q2 Orders |
| $218 mln |
|
Analyst Coverage
The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 7 "strong buy" or "buy", 5 "hold" and 2 "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 NOK14.00, about 0.8% above its August 12 closing price of NOK13.89
The stock recently traded at 27 times the next 12-month earnings vs. a P/E of 23 three months ago
Reuters Recommended Reads
Aug 11 - Denmark's ISS Q2 organic growth rises on new contract wins; increases buyback
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Aug 10 - Germany's GEA Group Q2 revenue rises, lifts revenue growth outlook
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(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.)