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London Stock Exchange

Share Price is delayed by 15 minutes

Share Price: 275.80

Bid: 275.60

Ask: 275.90

Change: 1.20 (0.44%)

Spread: 0.30 (0.109%)

Open: 274.50

High: 275.80

Low: 273.60

Prev. Close: 274.60

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Britain's Ocado raises earnings outlook again on strong trading

Thu, 10th Dec 2020 07:10

LONDON, Dec 10 (Reuters) - British online supermarket Ocado
Group raised its core earnings forecast for 2019-20 for
the second time in two months on Thursday after sales at its
retail joint venture with Marks & Spencer rose 34.9% in
the fourth quarter to Nov. 29.

Ocado forecast full year earnings before interest, tax,
depreciation and amortisation (EBITDA) of "over 70 million
pounds" ($93 million) versus a previous forecast of "over 60
million pounds". EBITDA in 2018-19 was 43.3 million pounds.
($1 = 0.7497 pounds)
(Reporting by James Davey)

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