AutoStore: Q3 2023 financial results
Third quarter 2023 highlights (All comparisons to corresponding period in 2022) · Quarterly order intake[1] of USD 152 million, an 11% sequential growth compared to the second quarter 2023, brought the order backlog[2] to USD 464 million · Revenue of USD 145 million, a decline of 2% compared to the corresponding period last year · Gross profit of USD 99 million, up 23% from USD 80 million · Very strong gross margin of 68%, (54%) up by 14 pp YoY reflecting focus on procurement and pricing practices · Adjusted EBITDA[3] of USD 69 million, up 25% from USD 55 million ·