(Nedre Vats, April 26 2023): AutoStore Holdings Ltd (AutoStore, OSE:AUTO), the leading robotic technology company, today publishes its annual report for 2022. The report combines annual financial and sustainability reporting.

"In 2022, AutoStore experienced a year of major milestones. Globally, we reached 1,150+ systems sold. Further, we achieved 78.1% revenue growth, launched six innovative new products and grew our workforce by 49%. We have unwavering confidence in the future of AutoStore", says Mats Hovland Vikse, Chief Executive Officer of AutoStore.

AutoStore delivered revenue of USD 583.5 million in 2022, up 78.1% from 2021, and an adjusted EBITDA margin of 40.7%. Global megatrends such as the e-commerce and automation drive, changing consumer demand, the emergence of micro-fulfillment centers and a general need for more sustainable solutions constitute a strong platform for continued growth.

In its annual report, AutoStore emphasizes that the company included sustainability as one of six strategic pillars in 2022, and will use 2023 to further develop its climate and sustainability strategy.

"AutoStore will continue to deliver climate-friendly warehouse solutions that contribute to emission reductions by customers, thereby helping them deliver on their own sustainability goals", says Agnethe Brown Erland, VP of Sustainability at AutoStore.

To download the report, please visit: www.autostoresystem.com/investors/reports-presentations

Media Contact

Hansine Korslien Lyngøy, VP Communications

hansine.lyngoy@autostoresystem.com (https://www.globenewswire.com/Tracker?data=jZv15KVLPb8WY-_gZ1eXgJhEixD0ElIu0V4rayoNYscOxwWkqxKtNCPiTj5k7xEBtWjSw2CZARSrmjboVfYSMhA84Pe_Bl9h37uPO4FyQ2wzXHaF29V6RnNd6D5kgedKrJ6dhZFiOUxc8nP-N0Rqtg==)

Investor Relations

Hiva Flåskjer, VP IR

hiva.flaskjer@autostoresystem.com

About AutoStore | www.autostoresystem.com 

AutoStore™, founded in 1996, is a technology company that develops order-fulfillment solutions to help businesses achieve efficiency gains within the storage and retrieval of goods. The company offers both hardware and software capabilities and the AutoStore technology is interoperable with other third-party solutions.

AutoStore is global, with ~1,200 Systems in 49 countries. All sales are distributed, designed, installed, and serviced by a network of qualified system integrators referred to as "partners".

AutoStore was founded in Nedre Vats, on the west coast of Norway. The company has offices in Norway, the U.S., UK, Germany, France, Spain, Italy, Austria, South Korea, Japan, Australia, and Singapore, as well as assembly facilities in Poland.