Half Year 2022 Ocado Group PLC Earnings Call Transcript

Jul 21, 2022 / 08:30AM GMT
Richard N. Haythornthwaite - Ocado Group plc - Independent Non-Executive Chairman

Welcome to the Ocado Group half year results for the 2022 financial year. I'm delighted to be with you all this morning, online and at last in person again. We meet at a time of great challenges, but also crucially a time of extraordinary creativity, innovation and progress for the Ocado Group. Of course, we must and will confront the realities of today, but it is the delivery of our market-leading technology platform promise that holds the key to our future and to the value of the group.

And in the first 6 months of the year, that delivery has demonstrably accelerated with the opening of 6 new customer fulfillment facilities worldwide, 4 of these were in the U.S. for our partner, Kroger, in Atlanta, Dallas, Chicago and Detroit, 1 in Stockholm for our partner, ICA; and a second for Sobeys in Montreal.

We've also opened Zoom 2 for Ocado Retail in Canning Town, London, and Alcampo is now live on OSP with In-Store Fulfillment, which is an important milestone as it means a partner game from signing to go live

Already have an account? Log in
Get the full story
Access to All Earning Calls and Stock Analysis
30-Year Financial on one screen
All-in-one Stock Screener with unlimited filters
Customizable Stock Dashboard
Real Time Insider Trading Transactions
8,000+ Institutional investors’ 13F holdings
Powerful Excel Add-in and Google sheets Add-on
All data downloadable
Quick customer support
And much more...
30-Day 100% money back guarantee
You are not charged until the trial ends. Subscription fee may be tax deductible.
Excellent
4.6 out of 5 Trustpilot