Autostore dro inn 48,7 millioner dollar – slår forventningene
Robotlagerselskapet melder om høyeste ordreinngang noensinne og øker inntektsguidingen.
Autostore announced a 48.7 million dollar revenue increase in the third quarter, surpassing expectations. The company reported a 38% growth in revenue from the same period last year and a 17% increase in order intake, marking its highest order intake in a third quarter. Analysts had anticipated earnings of 171.6 million dollars, EBITDA of 72.8 million dollars, and earnings before tax of 52.2 million dollars.
In August, Autostore had provided guidance for the second half of the year's revenue of 700 million dollars. The stock price surged after the third quarter report. In early September, private equity firm Thomas H. Lee Advisors, the second-largest shareholder, sold shares worth 1.6 billion dollars in the company. Autostore also announced on Thursday morning that it has entered an agreement to purchase the Dutch company Logiqs, which develops robots for the storage and retrieval of goods in warehouses.
The price of the deal is 30 million euros, equivalent to around 314 million Norwegian kroner, based on today's exchange rate. Autostore CEO Mats Hovland Vikse stated that this purchase is a step towards building an autonomous intelligent platform for warehouse management. The acquisition is expected to be completed in the fourth quarter.
Written by urgent.news from E24 Norway's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
