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Ocado raises cash to fund CFC building programme

04 July 2022

THE LEADING technology and retail group has raised over £875m of gross liquidity through an approximately £578m equity placing and a new £300m revolving credit facility (RCF), providing a liquidity position for the Ocado Group of almost £2bn.

This funding secures sufficient liquidity to fund the Group’s plans to deliver a pipeline of 58 announced Customer Fulfilment Centres (CFCs) to 11 of the world’s leading grocers globally, helping accelerate channel shift online and support over £20bn in partner sales in the medium term. 

Fulfilment of these customer commitments underpins a clear path to potential group revenue of £6.3bn+ and group EBITDA of £750m+ in the mid-term, says Ocado Group.

 
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