AutoStore

Barclays raised its rating for AutoStore from "equal weight" to "overweight" and increased the price target from 18.20 to 20.50 NOK. The bank cites the partnership with Amazon and potential U.S. policy favoring restrictions on Chinese robotics as drivers that could give AutoStore competitive advantages. Barclays lifted revenue and adjusted EBIT forecasts for 2027–28 by about 2% and justified the new price target with a 25x EV/adjusted EBITA multiple for 2027; it estimates the potential from the Amazon partnership at roughly USD 300 million. » More on de.investing.com

AutoStore Holdings reports double-digit revenue growth and margin improvements, driven by strong demand for robot-assisted warehouse solutions and a major Amazon contract. The company has launched a share buyback program that further defined the quarter. AutoStore’s technology increases space utilization and efficiency in distribution centers, resulting in cost reductions and fewer errors for customers. » More on finanzen.net

AutoStore shares surged more than 21% to 16.82 NOK after Q2 results, driven by revenue and profit that clearly beat expectations. Revenue was $192m (+43% y/y) and net profit $43.8m. The company announced a global supply agreement with Amazon, a $75m share buyback programme and raised its full-year guidance to $700m. Record order intake (+45% y/y) and an order backlog of $596m provided strong visibility and prompted a revaluation of the stock. » More on de.investing.com