02:00 Mon 02 Nov 2020
Ocado Group PLC - Trading Statement
OCADO GROUP PLC
Upgrade to 2019/20 full year expectations
Trading at Ocado Retail Ltd ("Ocado"), a joint venture between Ocado Group plc ("Ocado Group") and Marks & Spencer Group plc ("M&S"), has remained strong through the fourth quarter of the current financial year. Ocado continues to see high demand as consumers migrate to online grocery in record numbers. Sales are in line with the trends reported in the Third Quarter although growth rates reflect the seasonality of the quarter. As a result of this strong performance, Ocado Group today announces that it expects full year EBITDA for the group to be over
There will be a Fourth Quarter trading update from Ocado on the 10th of December. Full year results for the financial year ending 30th of November will be published on the 9th of
Contacts
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The person responsible for arranging the release of this announcement:
Group General Counsel and Company Secretary
Ocado Group plc
Buildings One & Two
Hatfield
AL10 9UL
Tel: +44 (0)1707 228 000
Email: [email protected]
Ocado Group plc LEI: 213800LO8F61YB8MBC74
Cautionary statement
Certain statements made in this announcement are forward-looking statements. Such statements are based on current expectations and assumptions and are subject to a number of risks and uncertainties that could cause actual events or results to differ materially from any expected future events or results expressed or implied in these forward-looking statements. Persons receiving this announcement should not place undue reliance on forward-looking statements. Unless otherwise required by applicable law, regulation or accounting standard, Ocado does not undertake to update or revise any forward-looking statements, whether as a result of new information, future developments or otherwise.
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