Ocado Group Wins ITC Trial - Quick Facts

Ocado Group plc (OCDO.L) said judgment in the ITC trial was delivered in favour of Ocado. The Group noted that the Chief Administrative Law Judge has rejected AutoStore's attempt to use the ITC process to obstruct the development of its business in the U.S. Ocado continues to pursue its claims against AutoStore for infringement of Ocado's patents in both the U.S. and Europe.

Separately, Ocado Retail Ltd, a joint venture between Ocado Group plc (OCDO.L) and Marks & Spencer Group plc (MAKSY.PK,MAKSF.PK,MKS.L), reported that its fourth quarter retail revenue declined to 547.8 million pounds from 570.1 million pounds, prior year. For 2021, Ocado Retail Ltd expects outturn in line with guidance. For, 2022, Ocado Retail Ltd expects mid-teens revenue growth, at the top of the historic pre-COVID range of 10-15%.

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