AutoStore Q2 profit drops on restructuring, product exit costs

Investin.com -- AutoStore Holdings on Thursday reported a sharp decline in second-quarter profit after tax to $11.3 million from $44.7 million a year earlier, citing restructuring expenses and a one-time inventory write-down from ending its B1 Robot line.

Revenue for the quarter ended June 30 was $133.9 million, down 13.1% from the prior-year period but up 55.8% from the first quarter of 2025.

Gross profit fell to $92.2 million from $113 million, with gross margin decreasing to 68.8% from 73.3%. The margin would have been 75.2% without the $8.5 million write-down.

EBIT was $27.9 million, compared with $62.6 million a year earlier, while adjusted EBIT declined to $53.7 million from $67.7 million. Adjusted EBITDA stood at $63.7 million versus $75.1 million, with margin narrowing to 47.6% from 48.7%.

Order intake rose 6.3% to $150.3 million, helped by favorable currency effects, and the order backlog reached $529.2 million, up 10.5% year over year.

Operating cash flow improved to $25.7 million from $16.3 million, and cash and cash equivalents ended the quarter at $299.7 million, up from $269.3 million.

The quarter included $9.1 million in employee-related expenses and $1.4 million in legal and consultancy costs linked to the company’s transformation program, which is expected to generate about $10 million in annual savings.

AutoStore secured an additional $6.9 million in contracts under its subscription-based AutoStore-as-a-Service model, with revenue to be recognized over the contract terms.

After the quarter, the company obtained commitments for $500 million in new bank facilities to refinance existing debt in September 2025.