AutoStore: Q2 2023 financial results
Second quarter 2023 highlights (All comparisons to corresponding period in 2022) · All time high revenue of USD 176 million, up 18% compared to the first quarter of 2023, and up 6% compared to the corresponding period last year · Gross profit of USD 119 million, up 27% from USD 94 million · Strong gross margin of 68%, up by 11 pp. · Adjusted EBITDA[1] of USD 87 million, up 25% from USD 70 million · Returning to historical and industry leading adjusted EBITDA[1] margin of 50%, up 8 pp. · Quarterly order intake[2] of USD 137 million brought the order backlog[3] to USD 452