REG - Ocado Group PLC - Ocado Group & Asda to enter ecommerce partnership

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RNS Number : 1343G  Ocado Group PLC  29 May 2026

 INSIDE INFORMATION

THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION FOR THE PURPOSES OF ARTICLE 7 OF
THE MARKET ABUSE REGULATION (EU) NO. 596/2014 AS IT FORMS PART OF UK LAW BY
VIRTUE OF THE EUROPEAN UNION (WITHDRAWAL) ACT 2018.

29th May 2026

 

Ocado Group and Asda to enter ecommerce partnership

 

Ocado Group ("Ocado") and Asda have agreed to enter a partnership to develop
Asda's online business across the UK with the Ocado Smart Platform ("OSP").

 

Asda is one of the UK's largest retailers, with total sales in 2025 of more
than £21bn, and operations across c.1,100 stores nationwide. Asda also
operates a substantial online grocery business, fulfilling more than 700,000
ecommerce orders weekly from a network of stores and dark stores across the
UK.

 

The focus of the partnership will be to quickly replace and upgrade Asda's
existing ecommerce infrastructure, with Ocado's solutions to be rolled out
across both stores and dark stores from 2027. Ocado and Asda plan to deploy
Ocado's end-to-end solutions across Asda ecommerce operations. These solutions
include Ocado's front-end (webshop), In-Store Fulfilment, and software to
support last mile planning and route efficiency.

 

Under the agreed commercial framework, Ocado and Asda will work closely
together in the coming months to enable go live in early 2027. Using Ocado's
Smart Platform, Asda will be able to offer a full range of online services,
including scheduled and short lead-time orders, as well as click &
collect. Asda will also use Ocado's platform to fulfil and deliver orders
placed through aggregator platforms such as Uber Eats, Deliveroo, and Just
Eat.

 

Expected financial impact

 

The transaction is not expected to have material financial impact in FY26.
Ocado expects to turn cash flow positive during the second half of this
financial year, with Full Year cash flow positivity expected in FY27.

 

Tim Steiner, CEO of Ocado Group, said:

 

"We're delighted that Asda has chosen Ocado to support the next phase of their
online growth. The UK remains one of the world's most competitive and
fast-evolving online grocery markets, where technology, scale and continuous
innovation are increasingly important for retailers looking to maintain
leadership positions.

 

"Through this partnership, Asda will be able to deploy a technology platform
already processing more than 70 million orders annually worldwide, supporting
market-leading customer propositions across 11 countries. Asda will also
benefit from Ocado's significantly evolved platform, giving them the
flexibility to adapt as the market continues to develop."

 

Allan Leighton, Executive Chairman, Asda, said:

 

"Asda is the cheapest full-range supermarket, as consistently shown by
independent price comparisons from Which? and The Grocer, and has a large,
well-established online offer."

 

"We know that continued success in this highly competitive market is dependent
on providing a positive experience for customers every time they shop.
Partnering with Ocado will strengthen our online offer and provide a
consistent and high-quality experience for millions of shoppers, from order
through to delivery, while supporting our Formula for Growth."

 

Contacts and conference call

 

There will be a conference call for institutional investors and analysts at
8:00am UKT. Please register for this call by emailing
ocadogroup@headlandconsultancy.com.

 

Tim Steiner, Chief Executive Officer

Stephen Daintith, Chief Financial Officer

Nick Coulter, VP of Group Capital Markets and FP&A
(investor.relations@ocadogroup.com)

Jamie Kerr, Director of Communications (pressoffice@ocadogroup.com)

Lucy Legh, Matt Denham, Jack Gault at Headland Consultancy -
(ocadogroup@headlandconsultancy.com), on +44 (0) 20 3805 4822

 

Further information about Ocado is available on its website at
www.ocadogroup.com (http://www.ocadogroup.com/) .

 

Person responsible for arranging release of this announcement:

 

Mollie Stoker

Group General Counsel and Company Secretary

Ocado Group plc

Buildings One & Two Trident Place

Mosquito Way

Hatfield, Hertfordshire

AL10 9UL

Email: company.secretary@ocado.com

 

Ocado Group plc LEI: 213800LO8F61YB8MBC74

 

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