Ocado Group PLC Trading Statement (5691M)
17 Septiembre 2019 - 1:21AM
UK Regulatory
TIDMOCDO
RNS Number : 5691M
Ocado Group PLC
17 September 2019
OCADO GROUP PLC
17 September 2019
Ocado Retail Q3 Trading Statement
Strong growth in customer orders: JV set to deliver an even
better customer experience
Ocado Retail Ltd ("Ocado"), a joint venture between Ocado Group
plc ("Ocado Group") and Marks & Spencer Group plc ("M&S"),
which was completed in August, today announces its trading
statement for the 13 weeks to 1 September 2019.
Highlights
-- Growth in Retail Revenue of 11.4%, in line with our guidance for the remainder of the year
-- Growth in Average orders per week up to 12.1% as more slots became available
-- Average order size down 0.8%, reflecting slightly greater frequency of purchase
-- Growth enabled by additional capacity at our fourth Customer Fulfilment Centre in Erith
Key financials
13 weeks to 13 weeks to Growth(4)
1 September 2 September
2019 2018
============= ============= ==========
Retail Revenue(1) GBP386.3m GBP346.9m 11.4%
============= ============= ==========
Average orders
per week(2) 314,000 280,000 12.1%
============= ============= ==========
Average order size(3) GBP105.42 GBP106.26 (0.8%)
======================= ============= ============= ==========
Melanie Smith, Ocado Retail's Chief Executive Officer, said:
"These first set of results from the joint venture between Ocado
Group and M&S show the resilience of Ocado following the
Andover fire and the momentum the business now has. As we continue
to enhance our offering and add more capacity in the UK, our
leading partnership will deliver the very best experience to an
ever-growing number of customers.
Bringing Ocado and M&S together on-line will give UK
consumers even greater choice, value and service and will create
important new opportunities for our colleagues, suppliers, and
other stakeholders. These are really exciting times for Ocado as we
prepare to launch the full M&S food range online for the first
time ever, which customers will be able to buy alongside their
other favourite products on Ocado.com from September 2020 at the
latest."
Tim Steiner, Ocado Group's Chief Executive Officer, said:
"As Chairman of Ocado Retail, I would like to welcome Mel to her
new role. We are all very excited at the opportunity ahead of her
and her team. Together, we are committed to improving even further
the Ocado customer experience and growing the business to the
benefit of all our stakeholders."
Ocado Group, on behalf of the joint-venture, will be hosting an
analyst conference call at 7.30am today. Please dial 08003589473,
Participant pin code: 29731879#. A replay facility can be accessed
on: 0800 358 2049 with the following conference pin required:
301298824# for 90 days following the announcement.
Contacts
-- Duncan Tatton-Brown, Chief Financial Officer, Ocado Group plc, on 01707 228 000
-- David Shriver, Director of Communications, Ocado Group plc, on 01707 228 000
-- Fraser Ramzan, Head of Investor Relations, Marks and Spencer Group plc, on 0203884 7080
-- Martin Robinson at Tulchan Communications on 020 7353 4200
About Ocado Retail
Online supermarket Ocado.com was established in 2000 and is one
of Britain's leading online retailers, now a 50:50 joint venture
between Ocado Group and Marks & Spencer Group plc. Covering
geographies comprising over 74% of UK households, every shopping
bag is carefully packed in one of three distribution centres using
market leading software and technology. Shopping is then delivered
direct to customers using a network of regional spokes in
brightly-coloured vans. With award-winning mobile apps, Ocado
Retail delivers over 50,000 products, including big-name brands, a
range of Ocado own brand products and a growing non-food selection.
Thoughtful service features such as colour-coded bags, digital
receipts provided in date order, reminder texts with your driver's
name, along with convenient hourly delivery slots complementing
award-winning customer service on email, phone and social
media.
Notes
1. Retail revenue comprises revenues from Ocado.com, Fetch, and Ocado Zoom.
2. Average orders per week refers to results of Ocado.com and Fetch.
3. Average order size refers to results of Ocado.com and Fetch.
4. Growth percentage calculated on a rounded basis.
5. The figures used in this announcement are unaudited.
6. A copy of this trading update is available on www.ocadogroup.com and www.corporate.marksandspencer.com.
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.
Person responsible for arranging release of this
announcement:
Neill Abrams
Group General Counsel & Company Secretary
Ocado Group plc
Buildings One & Two Trident Place
Mosquito Way
Hatfield
Hertfordshire
AL10 9UL
email: company.secretary@ocado.com
LEI: 213800LO8F61YB8MBC74
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END
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September 17, 2019 02:21 ET (06:21 GMT)
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