AEON Co Ltd (OTCPK:AONNY)

$ 24.26 -0.27 (-1.1%) Market Cap: 20.79 Bil Enterprise Value: 36.82 Bil PE Ratio: 116.63 PB Ratio: 2.99 GF Score: 79/100

Ocado Group PLC to Announce Partnership Between Ocado Solutions Ltd and Aeon Co Ltd Call Transcript

Nov 29, 2019 / 07:30AM GMT

Release Date Price: $20.19 (-3.86%)

Transcript

Operator

Welcome to the Ocado analyst call. (Operator Instructions) Just to remind you, the conference is being recorded.

Today, I am pleased to present Duncan Tatton-Brown. Please begin your meeting.

Duncan Tatton;Brown

Ocado Group plc - CFO & Director

Good morning, everyone. We're delighted to announce today that we signed another Ocado Smart Platform partnership, this time with leading Japanese grocer, Aeon. They're one of Japan's largest and longest established retailers with almost a century of experience serving customers throughout the country. In grocery alone, they have 2,500 stores with annual revenue in excess of JPY 6 trillion. Aeon is now the ninth innovative and forward-looking retailer from across the world to have joined the Ocado Smart Platform, alongside our current partners: Ocado Retail, our joint venture with M&S, Morrisons, Bon Preu, Groupe Casino, ICA, Sobeys, Kroger and Coles. Aeon's ambition is to transform the national landscape for customer service in Japan by serving a wide range of customer missions whilst

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