Ocado Group PLC (OTCPK:OCDDY)
$ 7.9 0.5 (6.76%) Market Cap: 3.05 Bil Enterprise Value: 4.54 Bil PE Ratio: 0 PB Ratio: 1.69 GF Score: 54/100
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Ocado Group PLC Acquires Kindred Systems Inc and Haddington Dynamics Inc Q&A Call Transcript

Nov 02, 2020 / 07:30AM GMT
Release Date Price: $65.03 (+8.01%)
Operator

Hello, and welcome to today's Ocado Group's analyst call. (Operator Instructions) And just to remind you, this is being recorded.

So today, I'm pleased to present Tim Steiner, Duncan Tatton-Brown, Stewart McGuire and David Shriver. David, please begin.

David M. Shriver
Ocado Group plc - Communications Director

Thank you, and good morning, everybody. Thank you for joining the call. This is David Shriver, Communications Director of Ocado Group. This morning, we have made 2 announcements. First, we are acquiring Kindred Systems and Haddington Dynamics, which will enhance our robotic picking capabilities and accelerate our ability to monetize our opportunities in this area. And second, we are raising our FY EBITDA guidance as a result of continued strong trading at Ocado Retail. Please go to the Ocado Group website, where, in addition to the R&S, you will find a presentation and a 4-minute film, which will help illustrate today's acquisitions.

I'm here with Tim Steiner, our Chief Executive Officer; Stewart McGuire, Head of Corporate

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