Ocado Group plc
20 June 2024
Ocado Group plc
Update on Sobeys Partnership
Ocado Group plc ("Ocado" or the "Company") notes that Empire Company Limited has today announced a pause to the planned go-live of Sobeys' CFC4 in
Ocado's partners in
As the online channel accelerates Ocado is supporting its partners to grow volumes and expand profitably, drawing on the experience of more than 20 years operating and growing an online grocery retailer in the
Alongside this pause to the planned go-live in
The Group's financial guidance for FY24 remains unchanged, together with our target to be cash flow positive in the mid-term. Ocado Group expects the capital expenditure related to the MHE deployment for Sobeys CFC4, originally expected to be incurred across FY24 and FY25, to be deferred. The commencement of capacity fees earned from the initial modules expected from the
Contacts
Tim Steiner, Chief Executive Officer on +44 1707 228 000
Stephen Daintith, Chief Financial Officer on +44 1707 228 000
Nick Coulter, Head of Investor Relations on +44 1707 228 000
Jamie Kerr, Head of Communications on +44 1707 228 000
Ocado Group Press Office (Headland) on +44 (0) 20 3805 4822
Notes to Editors
About Ocado Group
Ocado Group is a
Person responsible for arranging the release of this announcement:
Neill Abrams
Group General Counsel and Company Secretary
Ocado Group plc
Buildings One & Two, Trident Place, Mosquito Way,
Hatfield,
email: company.secretary@ocado.com
Ocado Group plc LEI: 213800LO8F61YB8MBC74
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