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MarketScreener Homepage  >  Equities  >  London Stock Exchange  >  Ocado Group plc    OCDO   GB00B3MBS747

OCADO GROUP PLC

(OCDO)
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Ocado Group PLC Statement regarding Autostore

10/01/2020 | 08:43am EST

TIDMOCDO

RNS Number : 8411A

Ocado Group PLC

01 October 2020

OCADO GROUP PLC

Response to Autostore

1 October 2020

Ocado Group plc ("Ocado") notes the press release from Autostore today. Ocado confirms it has not received any papers in relation to these claims and this is the first we have heard of this new claim. We are not aware of any infringement of any valid Autostore rights and of course we will investigate any claims once we receive further details.

We have multiple patents protecting the use of our systems in grocery and we are investigating whether Autostore has, or intends to infringe those patents. We will always vigorously protect our intellectual property.

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 
   --     Martin Robinson at Tulchan Communications on 020 7353 4200 

The person responsible for arranging the release of this announcement:

Neill Abrams

Group General Counsel and Company Secretary

Ocado Group plc

Buildings One & Two Trident Place

Mosquito Way

Hatfield

Hertfordshire

AL10 9UL

Tel: +44 (0)1707 228 000

Email: company.secretary@ocado.com

Ocado Group plc LEI: 213800LO8F61YB8MBC74

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END

RSPFLFFFISLLIII

(END) Dow Jones Newswires

10-01-20 0842ET

Stocks mentioned in the article
ChangeLast1st jan.
LONDON STOCK EXCHANGE PLC -0.62% 8612 Delayed Quote.11.90%
OCADO GROUP PLC -0.18% 2224 Delayed Quote.74.28%
TRIDENT LIMITED 10.24% 9.04 End-of-day quote.33.93%
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Financials
Sales 2020 2 387 M 3 206 M 3 206 M
Net income 2020 -148 M -198 M -198 M
Net cash 2020 183 M 245 M 245 M
P/E ratio 2020 -117x
Yield 2020 -
Capitalization 16 442 M 22 180 M 22 085 M
EV / Sales 2020 6,81x
EV / Sales 2021 5,91x
Nbr of Employees 15 152
Free-Float 62,5%
Chart OCADO GROUP PLC
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Technical analysis trends OCADO GROUP PLC
Short TermMid-TermLong Term
TrendsBearishNeutralBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 19
Average target price 2 092,47 GBX
Last Close Price 2 229,00 GBX
Spread / Highest target 55,2%
Spread / Average Target -6,13%
Spread / Lowest Target -59,6%
EPS Revisions
Managers
NameTitle
Timothy Steiner Chief Executive Officer & Executive Director
Stuart Alan Ransom Rose Non-Executive Chairman
Mark Richardson Chief Operating Officer & Executive Director
Duncan Eden Tatton-Brown Chief Financial Officer & Executive Director
Neill Abrams Secretary, Executive Director & General Counsel
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