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Ocado Group plc (OCDGF) Q2 2025 Earnings Call Transcript
Ocado Group plc (OTCPK:OCDGF) Q2 2025 Earnings Conference Call July 17, 2025 4:30 AM ET Company Participants Adam Hugh Warby - Corporate Participant Independent Non-Executive Chair of the Board - Corporate Participant Stephen Wayne Daintith - CFO & Executive Director Timothy Steiner - CEO & Executive Director Conference Call Participants Giles Thorne - Jefferies LLC, Research Division Marcus Diebel - JPMorgan Chase & Co, Research Division Maria Christina Stormont - Deutsche Bank AG, Research Division Oliver Tipping - Peel Hunt LLP, Research Division Sarah Roberts - Barclays Bank PLC, Research Division Sreedhar Mahamkali - UBS Investment Bank, Research Division Adam Hugh Warby Independent Non-Executive Chair of the Board Well, good morning, everyone. I was sometimes used to the voice of God announcement when you get up on the stage, but it was just quiet whispers from Nick.
Ocado leaps after reporting strong first half and solid pipeline
Ocado Group PLC (LSE:OCDO) shares whizzed 13% higher after the online delivery group reported a 13.2% increase in revenue and a 77% increase in underlying profits in the first half of the year. Revenue of £674 million was generated in the 26 weeks to 1 June, with 14.9% growth from the Technology Solutions arm, which builds robot-run warehouses (or 'customer fulfilment centres') for overseas grocery groups, and 12.1% from Ocado Logistics, which operates CFCs and delivery services for UK partners, Ocado Retail and Morrison Supermarkets.
Britain's Ocado says core priority to turn cash flow positive in 2025/26
Ocado , the British online supermarket and technology group, said its core priority was to turn cash flow positive in its next financial year, as it reported a 76.5% rise in underlying earnings in its first half on Thursday.
Ocado to help build new warehouse for Catalan partner Bon Preu
Ocado Group PLC (LSE:OCDO) has won a contract extension with grocer Bon Preu in the Spanish region of Catalonia. Under the expanded contract, the FTSE 250 group will help construct a delivery warehouse – or customer fulfilment centre (CFC) as it calls them – in Parets del Vallès, just north of Barcelona.
Ocado draws $152m from Kroger-linked credit facility
Ocado Group PLC (LSE:OCDO) has tapped into a $152 million Letter of Credit as part of its long-standing partnership with US retailer Kroger Co (NYSE:KR, ETR:KOG). The Letter of Credit, arranged back in 2018 when Ocado and Kroger teamed up to build Kroger's online grocery business, was set to mature after seven years.
Top bank remains positive on Ocado but trims back forecasts for the sector
Amid the market swings triggered by tariff headlines and growing fears of a trade war, JPMorgan thinks there are still some bright spots, especially among Europe's internet companies. For UK investors, two names stand out: Ocado and Rightmove.
Ocado rallies from lows as JPMorgan sees 'tide turning' for e-groceries
Ocado Group PLC (LSE:OCDO) shares jumped 12% after its shares were upgraded by JPMorgan, which sees a "turning tide" in online grocery orders. The US bank upped its rating to ‘overweight' from ‘neutral', the first positive rating on the FTSE 250 group since 2018 as it sees it "now at an inflection point".
Ocado Retail delivery awaited as control of online JV passes to M&S
Ocado Group PLC (LSE:OCDO) will provide a trading update on Tuesday for its Ocado Retail joint venture, having stated earlier this month that it is preparing to relinquish rights to partner Marks and Spencer Group PLC (LSE:MKS). Final results for 2024 from the grocery delivery group saw the JV recognised as a 'discontinuing operation'.
Ocado share price target hacked down by Deutsche on thin guidance
Ocado Group PLC has faced a hefty share price target cut by Deutsche Bank analysts after disappointing with thin guidance in results late last month. Deutsche took its price target from 660p to 370p in a note, as forecasts were dashed for the coming year.
Ocado Group plc (OCDGF) Q4 2024 Earnings Call Transcript
Ocado Group plc (OTCPK:OCDGF) Q4 2024 Earnings Conference Call February 27, 2025 4:30 AM ET Company Participants Adam Warby - Chairman Stephen Daintith - Non-Executive Director Tim Steiner - Chief Executive Officer Conference Call Participants Tintin Stormont - Deutsche Numis James Lockyer - Peel Hunt Sarah Roberts - Barclays William Woods - Bernstein Giles Thorne - Jefferies Marcus Diebel - JPMorgan Luke Holbrook - Morgan Stanley Sreedhar Mahamkali - UBS Adam Warby Well, good morning, everyone and welcome to the Ocado Group Fiscal Year 2024 Full Results Presentation. A new face to you here.
Despite slowdown Ocado upbeat on long-term Kroger site roll-out
Ocado , the British online supermarket and technology group, is confident its U.S. grocery partner Kroger will eventually open "a significant number" of automated warehouses despite a slowdown in the roll-out of sites, Ocado's boss said.
Ocado shares plunge £600M as cost-cutting plan signals market scepticism
Ocado's latest financial update has sent shockwaves through the market, with its share price plummeting by as much as 18% on Thursday morning. Despite showing some signs of improvement in its annual results, the company's decision to cut research and development (R&D) spending and streamline operations has failed to reassure investors.
