AutoStore: Q4 2023 financial results
Fourth quarter 2023 highlights (All comparisons to corresponding period in 2022) · Solid order intake[1] of USD 164 million in Q4, an 8% sequential growth compared to the third quarter 2023, brought the order backlog[2] to USD 447 million · Revenue of USD 176 million, an increase of 20% compared to the corresponding period last year · Strong gross margin of 69%, (61%) up by 8 pp YoY reflecting a successful restoration to a sustainable, high level · Another quarter of historical and industry leading margin levels with an adjusted EBITDA[3] margin of 48%, (40%) up 8 pp YoY