Log in
E-mail
Password
Show password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON
  1. Homepage
  2. Equities
  3. Norway
  4. Oslo Bors
  5. Equinor ASA
  6. News
  7. Summary
    EQNR   NO0010096985

EQUINOR ASA

(EQNR)
  Report
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
SummaryMost relevantAll NewsAnalyst Reco.Other languagesPress ReleasesOfficial PublicationsSector newsMarketScreener Strategies

AutoStore seeks to raise $315 mln in one of Norway's largest IPOs

09/28/2021 | 02:25am EDT

STOCKHOLM/OSLO, Sept 28 (Reuters) - SoftBank-backed robotics firm AutoStore said on Tuesday it seeks to raise $315 million by listing on the Oslo Bourse for an initial public offering (IPO) at a valuation that could make it Norway's largest stock launch in two decades.

In April, SoftBank bought https://www.reuters.com/article/us-softbank-group-autostore-idUSKBN2BS1YC a 40% stake in the Norwegian company for $2.8 billion, valuing AutoStore at about $7 billion. Thomas H. Lee Partners and EQT are among its other investors.

AutoStore did not disclose its expected valuation, but based on its last funding round the company could top Adevinta's $6.20 billion IPO in 2019 and also become the largest since the 2001 listing of Statoil, now known as Equinor.

The IPO could give the company a valuation of around $10 billion, according to a source familiar with the matter.

Founded in 1996, AutoStore has 20,000 robots deployed across 30 countries to automate warehouse operations. The company also uses robots to densely store and retrieve products allowing customers to store four times the inventory in the same space.

The company, whose customers include ASDA, Gucci and Lufthansa, plans to use to proceeds to reduce debt, invest in growth and allow share sale by its investors.

AutoStore expects total revenue of about $300 million in 2021 and more than $500 million in 2022 with a project pipeline worth $3.4 billion across 2,000 projects. It reported a net revenue of $182.1 million last year.

The IPO is expected to be priced during October. (Reporting by Supantha Mukherjee, European Technology & Telecoms Correspondent, based in Stockholm; Editing by Sherry Jacob-Phillips)


© Reuters 2021
Stocks mentioned in the article
ChangeLast1st jan.
DEUTSCHE LUFTHANSA AG -1.66% 5.43 Delayed Quote.-28.36%
EQUINOR ASA -0.88% 231.7 Real-time Quote.61.23%
SOFTBANK GROUP CORP. -2.06% 6574 End-of-day quote.-18.42%
All news about EQUINOR ASA
10/21AKER : Equinor Sign Contract To Design Topside For Norwegian Offshore Project
MT
10/21Aker Solutions Gets Contract for Work on Floating, Production, Storage and Offloading V..
DJ
10/21EQUINOR : to Revise Earnings Reporting Methods
MT
10/20AKER : Wins FEED for Wisting FPSO
AQ
10/20EQUINOR : share saving plan allocates shares - Form 6-K
PU
10/20EQUINOR : safety trend per third quarter 2021
PU
10/20EQUINOR : AutoStore, Norway's biggest IPO in two decades, valued at $12.4 bln
RE
10/20EQUINOR : share saving plan allocates shares
AQ
10/20EQUINOR : share saving plan allocates shares
AQ
10/19EQUINOR ASA : - Empire Wind selects turbine supplier
AQ
More news
Analyst Recommendations on EQUINOR ASA
More recommendations
Financials (USD)
Sales 2021 77 101 M - -
Net income 2021 8 038 M - -
Net Debt 2021 6 081 M - -
P/E ratio 2021 11,0x
Yield 2021 2,41%
Capitalization 90 869 M 91 005 M -
EV / Sales 2021 1,26x
EV / Sales 2022 1,23x
Nbr of Employees 21 245
Free-Float 32,6%
Chart EQUINOR ASA
Duration : Period :
Equinor ASA Technical Analysis Chart | EQNR | NO0010096985 | MarketScreener
Technical analysis trends EQUINOR ASA
Short TermMid-TermLong Term
TrendsBullishBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 27
Last Close Price 27,95 $
Average target price 25,42 $
Spread / Average Target -9,03%
EPS Revisions
Managers and Directors
Anders Opedal President & Chief Executive Officer
Ulrica Fearn Chief Financial Officer & Executive Vice President
Jon Erik Reinhardsen Chairman
Carri Ann Lockhart Executive VP-Technology, Digital & Innovation
Jannicke Nilsson Chief Operating Officer
Sector and Competitors
1st jan.Capi. (M$)
EQUINOR ASA61.23%91 005
SAUDI ARABIAN OIL COMPANY7.00%1 995 737
ROYAL DUTCH SHELL PLC43.29%188 233
PETROCHINA COMPANY LIMITED68.75%159 915
TOTALENERGIES SE25.27%135 948
PUBLIC JOINT STOCK COMPANY GAZPROM70.20%120 329