NEDRE VATS, Norway (September 18, 2024)-Today, AutoStore™ (https://www.autostoresystem.com/) is hosting its second Capital Markets Day in Manchester, UK.
"We are excited to spend the day with investors and analysts, highlighting our robust position. AutoStore's platform for expanding market share is supported by our competitive differentiation, innovative product portfolio, efficient go-to-market model, and broad market reach", said Mats Hovland Vikse, CEO at AutoStore.
Since 2020 AutoStore has consistently outperformed the market, with a CAGR of 53% compared to 7% for the market during the same period. However, the recent challenging market backdrop has impacted the company's short-term performance. At the Capital Markets Day, the company is presenting its guidance for the year.
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"We are not immune to the uncertain macroeconomic backdrop, but we continue to perform in line with- or better than the market and are guiding for 2024 revenue of USD 575-600 million", said Paul Harrison, CFO at AutoStore.
At the event, CEO Mats Hovland Vikse, together with senior members of the management team, will provide updates on AutoStore's growth agenda, market position, and product strategy. This will be enhanced by insights from customers attending the event.
Key highlights presented at the Capital Markets Day include:Cubic storage is emerging as the leading technology within ASRS light, accounting for 13% of the market and will continue to gain share. AutoStore is leading the cubic storage market with 97% of the installed base.
Focus areas to drive organic growth include the land and expand model, high throughput opportunities, go-to-market strategy expansion, and product innovation.
The event will be streamed live, with a recording available for download shortly afterward at https://www.autostoresystem.com/investors.
Practical details
Venue:
THG Studios, 7-9 Sunbank Ln, Altrincham WA15 0AF, UK (~10 minutes from
Manchester Airport)
Event website for registration, live webcast link and other background materials: www.autostoresystem.com/investors/capital-markets-day-2024
To participate in the Q&A, please use the following link: https://app.sli.do/event/3qweSs2kY1N2JWqQq6bBre (https://eur02.safelinks.protection.outlook.com/?url=https%3A%2F%2Fapp.sli.do%2Fevent%2F3qweSs2kY1N2JWqQq6bBre&data=05%7C02%7Chiva.flaskjer%40autostoresystem.com%7Cb77afb5876f248458a8b08dcd7ad70c7%7C67e37c48b2514faebf510c732630cd82%7C0%7C0%7C638622387147555644%7CUnknown%7CTWFpbGZsb3d8eyJWIjoiMC4wLjAwMDAiLCJQIjoiV2luMzIiLCJBTiI6Ik1haWwiLCJXVCI6Mn0%3D%7C0%7C%7C%7C&sdata=JLYuj6cMuMImsYNI9uFaIRCH9qiu9kUgJ5lGCiTiDEA%3D&reserved=0)
Programme (BST):
09:45 Registration at THG Studios
10:20 Tour the AutoStore high-throughput system and PIO 100
12:00 Buffet lunch served
13:00 Management presentations and Q&A
16:30 Drinks and discussion
This announcement includes inside information, is disclosed by Hiva Flåskjer, SVP Investor Relations on the date and time indicated above and is disclosed in accordance with section 5-12 and the Norwegian Securities Trading Act.
For further information, please contact:
Hiva Flåskjer, SVP Investor Relations, AutoStore AS
Phone: +47 958 66 790 I hiva.flaskjer@autostoresystem.com
Nili Eslah, Investor Relations Manager, AutoStore AS
Phone: +47 456 62 664 I nili@eslah@autostoresystem.com
About AutoStore | www.autostoresystem.com
AutoStore™, founded in 1996, is a technology company that develops order-fulfillment solutions to help businesses achieve efficiency gains within the storage and retrieval of goods. The company offers both hardware and software capabilities and the AutoStore technology is interoperable with other third-party solutions.
AutoStore is global, with ~1,550 Systems in 57 countries. All sales are distributed, designed, installed, and serviced by a network of qualified system integrators referred to as "partners".
AutoStore was founded in Nedre Vats, on the west coast of Norway. The company has offices in Norway, the U.S., the UK, Germany, France, Spain, Italy, Austria, South Korea, Japan, Australia, and Singapore, as well as assembly facilities in Poland and Thailand.