Ocado Group (OCDO)

Sector:

Food Pharmacy Retail

Index:

FTSE 250

306.70p
   
  • Change Today:
      2.00p
  • 52 Week High: 789.00p
  • 52 Week Low: 281.00p
  • Currency: UK Pounds
  • Shares Issued: 832.39m
  • Volume: 1,573,035
  • Market Cap: £2,552.94m
  • Beta: 1.75

Ocado launches two new Coles fulfilment centres in Australia

By Benjamin Chiou

Date: Tuesday 27 Aug 2024

LONDON (ShareCast) - (Sharecast News) - Online grocer and food logistics group Ocado has announced that operations have finally started at two customer fulfilment centres in Australia a year later than planned, as part of its partnership with retail chain Coles.
The two robot-operated facilities in Sydney and Melbourne, first announced in 2019, were originally scheduled to go live last year, but the companies faced numerous delays during construction.

The CFCs are powered by the automated Ocado Smart Platform, which it says will give Coles customers significant improvements in freshness and speed, as well as opportunities to trial new products.

The launch, which follows the opening of an Alcampo-branded CFC in Madrid last month, brings Ocado's global footprint of CFCs to 25.

"As these CFCs ramp up, we are excited to help Coles bring a step-change in customer experience online to households across Sydney and Melbourne," said Ocado chief executive Tim Steiner.

"The start of operations in our two Australian CFCs is an exciting moment for teams at Ocado. Australia is one of the fastest developing markets in the world for grocery ecommerce, and Coles is already a market leader in the online channel."

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

 

Ocado Group Market Data

Currency UK Pounds
Share Price 306.70p
Change Today 2.00p
% Change 0.66 %
52 Week High 789.00p
52 Week Low 281.00p
Volume 1,573,035
Shares Issued 832.39m
Market Cap £2,552.94m
Beta 1.75

Ocado Group Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
13.16% below the market average13.16% below the market average13.16% below the market average13.16% below the market average13.16% below the market average
27.27% above the sector average27.27% above the sector average27.27% above the sector average27.27% above the sector average27.27% above the sector average
Price Trend
63.01% below the market average63.01% below the market average63.01% below the market average63.01% below the market average63.01% below the market average
63.64% below the sector average63.64% below the sector average63.64% below the sector average63.64% below the sector average63.64% below the sector average
Income Not Available
Growth
12.77% below the market average12.77% below the market average12.77% below the market average12.77% below the market average12.77% below the market average
16.67% above the sector average16.67% above the sector average16.67% above the sector average16.67% above the sector average16.67% above the sector average

What The Brokers Say

Strong Buy 6
Buy 0
Neutral 4
Sell 5
Strong Sell 0
Total 15
neutral
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

Ocado Group Dividends

No dividends found

Trades for 21-Nov-2024

Time Volume / Share Price
16:35 160 @ 306.70p
16:35 646,836 @ 306.70p
16:35 7,363 @ 306.70p
16:35 18,721 @ 306.70p
16:35 3,166 @ 306.70p

Ocado Group Key Personnel

CEO Tim Steiner
CFO Stephen Daintith
Chair Richard N (Rick) Haythornthwaite

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