Ocado warns on 2022 earnings as investment weighs

  • 2021 core earnings fall 12.1%
  • Warns 2022 core earnings won’t meet market expectations
  • Capex to rise to around 800 mln stg in 2022
  • Says has encouraging pipeline for new deals
  • Shares down 9.2%

LONDON, Feb 8 (Reuters) – Ocado Group (OCDO.L), the British online supermarket and technology firm, warned core earnings in 2022 would undershoot market expectations as it steps up investment in automated…

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News Source: https://www.reuters.com/business/ocados-core-earnings-weighed-down-by-investment-2022-02-08/

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