AutoStore Publishes 2022 Annual Report

27 Apr 2023 06:05 CEST

In 2022, AutoStore experienced a year of major milestones, including a total of
1,150+ systems sold worldwide.

(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=j
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Investor Relations

Hiva Flåskjer, VP IR

hiva.flaskjer@autostoresystem.com

About AutoStore | www.autostoresystem.com

AutoStoreT, 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.

More information:
Access the news on Oslo Bors NewsWeb site

588680_AutoStore_Annual_Report_2022.pdf
588680_549300KYN3M0LSM5A413_2022_12_31_en.zip