Ocado Sees Full Year Cash Flow Positive In FY27

Feb 26 (Reuters) - Ocado Group PLC OCDO.L:

• OCADO GROUP PLC - PRELIMINARY RESULTS

• OCADO - SET TO ADDRESS ITS £350M MATURITIES TO FY27 FROM EXISTING CASH

• OCADO - SEES FY26 TECHNOLOGY SOLUTIONS REVENUE C.£500M AND EBITDAMARGIN C.30% EXCLUDING CFC CLOSURE FEES

• OCADO - TURNING CASH FLOW POSITIVE DURING SECOND HALF FY26

• OCADO SEES FULL YEAR CASH FLOW POSITIVE IN FY27

• OCADO - FULL YEAR UNDERLYING CASH OUTFLOW EXCLUDING CLOSURE FEES TO BE AROUND £200M FY26

• OCADO - EXPECT TO SEE SUBSTANTIAL REDUCTION IN OUR OVERALL COST BASE

• OCADO - C.10 NEW MODULES EXPECTED IN FY26 AND C.10-15 NEW MODULES IN FY27

• OCADO - EXPECT REALIGNMENT ACTIONS TO REDUCE TOTAL CASH COSTS ACROSS TECHNOLOGY AND SUPPORT IN FY27 BY AROUND £150M IN FY27, RELATIVE TO FY25

• OCADO - FY UNDERLYING CASH OUTFLOW OF £-213M

• OCADO - 6 CFCS GOING-LIVE OVER THE NEXT 2-3 YEARS

• OCADO - HAVE DECIDED TO RECONFIGURE THE SHAPE AND FOCUS OF OUR TECHNOLOGY SOLUTIONS SEGMENT

• OCADO - ALONGSIDE NEW CFC OPENINGS IN SOUTH KOREA, JAPAN, EXPECT TO SEE MORE MODULE ORDERS FROM BOTH NEW AND EXISTING PARTNERS

• OCADO - WITH EXCLUSIVITY ARRANGEMENTS ROLLED OFF, TO START RAMPING COMMERCIAL CONVERSATIONS IN A NUMBER OF ATTRACTIVE MARKETS

• OCADO - OUTLOOK CAPITAL EXPENDITURE AROUND £250M IN FY26; INCLUDES TECHNOLOGY AND CFC CAPEX