Fourth quarter 2022 highlights
(All comparisons to corresponding period in 2021)
Revenue of USD 148 million, up 58% from USD 93 million
Gross profit of USD 90 million, up from USD 62 million
Gross margin of 61%, down from 66% in Q4 2021, however 650 bps of sequential improvement from Q3 2022
Adjusted EBITDA1 of USD 59 million, up 44% from USD 41 million
Adjusted EBITDA1 margin of 40%, down from 44% in Q4 2021, however 280 bps sequential improvement from Q3 2022
Quarterly order intake2 of USD 153 million brought the order backlog3 to USD 476 million
Simplified free cash flow1 was USD 45 million, up from USD 30 million, equating to a cash flow conversion rate of 77% (73%)
Full year 2022 highlights
Revenue of USD 584 million, up 78%
Adjusted EBITDA1 of USD 238 million, up 50%
Full year 2023 guidance
Revenue of USD 700 to 750 million
AUTOSTORE HOLDINGS LTD. : News, information and stories for AUTOSTORE HOLDINGS LTD. | Oslo Bors: AUTO | Oslo Bors |
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