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Ocado Group PLC (OCDO.L)

OCDO.L on London Stock Exchange

283.50GBp
18 Aug 2017
Change (% chg)

-8.60 (-2.94%)
Prev Close
292.10
Open
289.50
Day's High
290.70
Day's Low
282.30
Volume
2,180,678
Avg. Vol
2,633,103
52-wk High
340.00
52-wk Low
233.00

Latest Key Developments (Source: Significant Developments)

Ocado says expects recent international deal to be "first of many"
Wednesday, 5 Jul 2017 02:06am EDT 

July 5 (Reuters) - Ocado Group Plc :H1 revenue 713.8 million stg.H1 pretax profit 7.7 million stg.Retail revenue increased 12.5% to £659.6 million.EBITDA up 2.7% to £45.2 million.Profit before tax of £7.7 million decreased by £1.7 million.Net debt up to £102.4 million due to significant capital investment in innovation and capacity.Active customers increased 12.7% year-on-year to over 600,000.Further conversations continuing with multiple retailers to adopt our solutions using OSP.Expect our recently announced international partnership to be first of many.  Full Article

Ocado Group says priced offering of 250 mln stg senior secured notes due 2024
Wednesday, 14 Jun 2017 10:52am EDT 

June 14 (Reuters) - Ocado Group Plc :Ocado Group - has priced an offering of 250 million stg senior secured notes due 2024 at a coupon of 4 pct and an issue price of 100 pct.Ocado Group - due to strong demand the offering was upsized from the originally anticipated size of 200 million stg.  Full Article

Ocado announces first international customer for Ocado Smart Platform​
Monday, 5 Jun 2017 02:26am EDT 

June 5 (Reuters) - Ocado Group Plc : :Ocado Group Plc - ‍announcement of first international customer for Ocado Smart Platform​.Ocado Group Plc - ‍ocado expects arrangement to be earnings and cash neutral in current and 2018 financial years, and increasingly accretive thereafter​.Ocado Group - ‍partner will pay an up-front fee to Ocado for access to OSP, together with ongoing fees that are based on volume of products sold online​.Ocado Group says "‍discussions with other retailers across globe are ongoing and continue to expect to sign multiple deals in medium term​".  Full Article

Ocado "as confident as ever" will secure international deals
Tuesday, 14 Mar 2017 03:58am EDT 

Ocado : CFO says remains "as confident as ever" will secure international deals . CFO says global interest in what Ocado can provide growingFurther company coverage: [nL5N1GR18A] (London Newsroom) ((UK.online@Reuters.com; +44 (0)20 7542 7717;)).  Full Article

Ocado still expects multiple deals with multiple partners
Tuesday, 31 Jan 2017 03:00am EST 

Ocado : CFO says still expect to sign multiple deals with multiple partners in medium term . CEO says "busier than we've ever been" in talks with potential overseas partners Further company coverage: (London Newsroom) ((UK.online@Reuters.com; +44 (0)20 7542 7717;)).  Full Article

Ocado begins operations at Andover CFC, expects rise in volumes
Friday, 25 Nov 2016 06:30am EST 

Ocado Group Plc :Commenced operations from its Andover CFC, expect volumes will increase over coming months.  Full Article

Ocado sees Morrisons deal to be earnings accretive
Tuesday, 9 Aug 2016 02:39am EDT 

Ocado Group Plc : Does not expect to incur significant additional capital expenditure .Expects agreements with wm morrisons to be earnings accretive, limited impact on its profit before exceptionals in current or 2017 FY.  Full Article

Ocado says confidence in signing multiple international deals undiminished
Tuesday, 28 Jun 2016 02:55am EDT 

Ocado : CFO says confidence in signing multiple international deals undiminished . CEO says "we don't believe Brexit will have any impact on the business" . CFO says talks with Morrisons on re-negotiated deal "progressing well" . CFO says target is to sign multiple deals with international retailers "in the medium term" Further company coverage: (London Newsroom) ((UK.online@Reuters.com; +44 (0)20 7542 7717;)).  Full Article

BRIEF-Ocado Group says priced offering of 250 mln stg senior secured notes due 2024

* Ocado Group - has priced an offering of 250 million stg senior secured notes due 2024 at a coupon of 4 pct and an issue price of 100 pct