Company Earnings UpdateOcado Group (LSE: OCDO) FY18 Results: EBITDA Slides Due to Technology Investments and New Distribution Center Opening Coresight Research February 6, 2019 Executive Summary Ocado Group reported FY18 revenues of £1.60 billion, up 9.9% from 2017 (a 53-week year) and missing the consensus of £1.62 billion. On a 52-week basis, the company grew revenues 12.3% The company posted a loss per share of 6.87 pence in FY18, compared to a loss per share of 1.39 pence in the previous year and below the consensus estimate of a 3.8 pence loss per share recorded by StreetAccount. In FY19, Ocado expects to grow retail sales in the range of 10%–15%, as it ramps up its fulfillment capacity. It expects to gain market share in the U.K. Please Login to read the full report. Not a member? To access this content for free, register for a free account. This document was generated for Other research you may be interested in: Head-to-Head in Global Luxury Retailing: Kering vs. LVMHFinancial Confidence Reaches Five-Month High; TJX Dominates Off-Price Retail; Dollar Tree Leads Dollar Stores: US Consumer Survey InsightsInnovator Profile: Selectika—Enhancing Online Product Discovery Through Intelligent Metadata EnrichmentRetail Crime and Shrink: US Shoppers Concerned About Theft Pushing Up Prices; Shoplifting Surges to Record Levels in England
