AutoStore Holdings Ltd.

A.P. Moller-Maersk has taken over management of Puma's three large, highly automated distribution centers in the United States and turned them into multi-client facilities, with Puma letting Maersk rent out unused space to other companies. Under the contract logistics agreement for North America, Maersk will operate warehouses in Torrance, California; Phoenix; and Whitestown, Indiana, outside Indianapolis, totaling about 2.3 million square feet. Puma said outsourcing its U.S. distribution network to Maersk will help maximize the performance of its automated facilities, speed up order processing and reduce costs while supporting retail stores, wholesale customers and online shoppers. The three centers are equipped with AutoStore robotic storage and retrieval systems, and the Torrance facility will become Maersk North America's first AutoStore deployment supporting multiple clients, with capacity for other brands starting in 2027 and the ability to handle roughly 20 million units of throughput each year. Maersk North America operates more than 70 warehouses covering about 22.5 million square feet, and globally Maersk has more than 500 warehouses under management.

AutoStore Holdings reported record second-quarter revenue of $192 million, up 43% year over year and 16% sequentially, alongside record order intake of $218 million. The company also announced a global framework agreement with Amazon, though it includes no purchasing commitments, and launched a share buyback program of up to $75 million. Gross margin came in at 72%, adjusted EBITDA margin rose to 45% from 44% in the first quarter, and order backlog stood at $596 million at quarter-end. Full-year revenue guidance is around $700 million, implying roughly flat revenue in the second half versus the first half, while management expects margins to moderate slightly due to increased investments in product innovation, software, AI, and commercial capabilities.