Ocado Group PLC (OTCPK:OCDGF)
$ 3.885 -0.055 (-1.4%) Market Cap: 3.23 Bil Enterprise Value: 4.57 Bil PE Ratio: 0 PB Ratio: 1.70 GF Score: 67/100
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Full Year 2022 Ocado Group PLC Earnings Call Transcript

Feb 28, 2023 / 09:30AM GMT
Release Date Price: $6.81 (-7.85%)
Richard N. Haythornthwaite
Ocado Group plc - Independent Non-Executive Chairman

And welcome to Ocado's full year results for financial year 2022. As Tim said in his quote earlier, during the past year, every company has had its more tested by a combination of macroeconomic and geopolitical headwinds. If you look at our retail business, it's had to deal with COVID unwind, accelerated by a once-in-a-generation consumer crisis, spending crisis, and all the while having to position ourselves for future growth. And if you look at our Technology Solutions business is being asked to scale very rapidly for our partner clients to build CFCs in multiple geographies, to sign new contracts and all the while innovating at pace well ahead of the competition. And it's had to achieve that in the face of incredibly challenging supply chains, high inflation and other macro pressures. But as you've got to hear, actually, the company has risen to the challenge, due in large part to the creativity and commitment of the Ocado people.

I, along with the Board, share Tim's sentiment that we have more belief in our model

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