Ocado Group , the British online supermarket and technology firm, reported a 12.1% fall in annual core earnings on Tuesday, with investment in the business more than offsetting an increase in revenue.
LONDON, Feb 8 - Ocado Group
, the British online supermarket and technology firm, reported a 12.1% fall in annual core earnings on Tuesday, with investment in the business more than offsetting an increase in revenue. The group's earnings before interest, tax, depreciation and amortisation came in at 61.0 million pounds in the year to Nov. 28 2021 - in line with analysts' average forecast of 60 million pounds but down from 73.1 million pounds in the 2019-20 year.Register now for FREE unlimited access to Reuters.comRevenue rose 7.2% to 2.5 billion pounds, while capital expenditure increased 154.8 million pounds to 680.
Ocado forecast capital expenditure would rise to around 800 million pounds in 2022, driven by the worldwide roll-out of its platform. The group has already struck partnership deals to provide its technology to supermarket groups in eight countries, including Kroger
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
13 states have backed the Mexican government's lawsuit against a group of US gun manufacturersThe attorneys general of 13 states and Washington DC this week expressed support for a federal lawsuit by the Mexican government that accuses a group of American gun manufacturers of facilitating the trafficking of weapons to criminals in Mexico, fueling gun violence.
Read more »
YPG/PKK terror group kidnaps two journalists in SyriaSabri Fahri and Baver Molla Ahmet, who worked for an adversary media outlet, were kidnapped after the terrorists raided their houses overnight.
Read more »
A group is putting up billboards calling out anti-Semitism in FloridaA non-profit organization has put up four billboards throughout South Florida in an effort to raise awareness about anti-Semitism and make people think about its effects.
Read more »
Group of 11 climate activists glue themselves to Berlin motorwayEleven climate activists glued themselves to the asphalt of the German capital's main motorway, causing rush hour traffic jams on Monday, in the latest protest demanding a law against food waste and cuts in greenhouse gas emissions from agriculture.
Read more »
Nigerian Blockchain Advocacy Group Says 'Crypto Is Legit' — Calls for Regulation of Industry – Regulation Bitcoin NewsThe lobby insists that “crypto is legit” and has subsequently launched a Twitter campaign to get cryptocurrencies regulated. regulation cryptocurrency
Read more »