AutoStore: Q1 2026 financial results

23 Apr 2026 06:00 CEST

Q1 2026 overview

· Order intake of USD 179.4 million, up 27.0% YoY

· Revenue of USD 165.8 million, up 92.9% YoY

· Gross margin of 72.7% and Adj. EBITDA margin of 44.0%

(Nedre Vats, April 23, 2026): AutoStore Holdings Ltd. (AutoStore, OSE:AUTO), the
global leader in Intelligent Fulfillment, today released its quarterly update
for the quarter ending March 31, 2026.

In Q1 2026, AutoStore delivered USD 165.8 million in revenue and order intake of
USD 179.4 million, bringing the order backlog to USD 570.6 million. These
results reflect continued growth momentum and successful execution of our
strategy.

Gross margin remained robust at 72.7%, while adjusted EBITDA margin was 44.0%.
Cash flow conversion was 81.9%, underscoring the strength of our highly cash
generative business model.

"AutoStore delivered a positive start to 2026, with improving activity levels
and increased confidence in long-term automation. In a continued uncertain
world, customers are focusing more than ever on building a resilient, flexible
supply chain. With more than 1,300 customers across nearly 2,000 sites globally,
we are uniquely positioned to help achieve those goals", said CEO Mats Hovland
Vikse.

"In our March product announcement, AI, cloud and data were in focus. This
announcement marks a significant step forward. We now have the platform and AI
layer to turn decades of data into intelligence that compounds with every robot
we deploy; delivering real-time insights, actions and continuous improvement for
every customer at every site. This is what we call Intelligent Fulfillment",
said CEO Mats Hovland Vikse.

[][][][][]
First quarter
USD million 2026 2025 ? in %
Revenue            165.8             85.9      92.9%
Gross profit            120.6             63.6      89.7%
Gross margin      72.7%      74.0% -1.3 p.p.
EBIT             53.1               7.8        580.7%
Adjusted             72.9             21.1        246.2%
EBITDA[1]
Adjusted      44.0%      24.5% 19.5 p.p.
EBITDA
margin[1] (%)
Adjusted             60.6             11.8        413.5%
EBIT[1]
Adjusted EBIT      36.6%      13.8% 22.8 p.p.
margin[1] (%)
Cash flow      81.9%      45.9% 36 p.p.
conversion[1]
Order intake            179.4            141.2      27.0%

[1 ]Alternative performance measures used in this release are described and
presented in the section Alternative Performance Measures in the quarterly
report.

About AutoStore | www.autostoresystem.com

AutoStoreT combines automation, software, and AI to enable Intelligent
Fulfillment across the entire lifecycle. Founded in Norway, we've grown into a
global technology company delivering advanced technology that automates and
orchestrates order fulfillment. Our goal is simple: to ensure orders arrive
faster than ever, with minimal environmental impact - helping brands exceed
customer expectations.

Today, we have more than 1,950 systems in over 65 countries and continue to grow
as a global community of employees, partners, customers, suppliers, and
connected technologies. Our fulfillment solutions simplify operations, and by
listening closely to our community, we continuously innovate to meet the
industry's most complex needs. With AutoStoreT, brands gain speed, efficiency,
improved workplaces, and significantly more

floor space.

AutoStore - moving things forward

This information is considered to be inside information pursuant to the EU
Market Abuse Regulation. This announcement was published by Hiva Flåskjer, SVP
Investor Relations, on the date and time provided.

More information:
Access the news on Oslo Bors NewsWeb site

671227_AutoStore_Q1_2026_Press_Release.pdf
671227_AutoStore_Q1_2026_Presentation.pdf
671227_AutoStore_Q1_2026_Report.pdf