Robotics maker AutoStore doubles revenue, warns of margin impact


FILE PHOTO: "Bots" are seen on the grid of the "smart platform" at the Ocado CFC (Customer Fulfilment Centre) in Andover, Britain May 1, 2018. Picture taken May 1, 2018. REUTERS/Peter Nicholls/File Photo

OSLO (Reuters) -AutoStore faces tight supply of certain components that will impact earnings margins in the short term, the Norwegian robotics company said on Wednesday after posting a 95% surge in third-quarter revenue to $84.7 million.

The maker of automated warehouse technology, of which SoftBank is the largest owner with a stake of close to 40%, last month became Norway's most valuable new stock market listing in two decades.

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