Review of financial reporting - AutoStore Holdings Ltd.

23 Apr 2025 16:35 CEST

Finanstilsynet has reviewed certain matters relating to the financial reporting
of AutoStore Holdings Ltd.

AutoStore presents the financial measures Order intake and Order backlog in its
financial reporting. The Company does not consider these measures to be
alternative performance measures (APMs).

Finanstilsynet is of the opinion that these measures are APMs according to
paragraph 17 of the ESMA Guidelines on Alternative Performance Measures
(guidelines) and therefore should comply with the requirements in the
guidelines. Finanstilsynet has not, however, found grounds for requiring the
company to classify the measures as APMs, but considers it worthy of criticism
that the company intends to continue its practice in future financial reporting.
Finanstilsynet reached this conclusion in part due to the fact that AutoStore
proposes to include additional disclosure on these measures in future financial
reporting.

The review also revealed that the Company does not disclose that it applies the
practical expedient in IFRS 15, paragraph 121 related to providing disclosures
on remaining performance obligations. Finanstilsynet takes note of the fact that
the Company will incorporate required disclosures in the financial statements
going forward.

With this letter, Finanstilsynet considers the review to be closed.

If you have any questions, please contact:

Lars Jacob Braarud, Head of section, +47 22 93 97 53 / +47 91 34 52 73 (mobile).

More information:
Access the news on Oslo Bors NewsWeb site

644188_Review of financial reporting - AutoStore Holdings Ltd_.pdf