Ocado Group PLC and Coles Group Ltd International Partnership Call Transcript
Hello and welcome to the Ocado analyst call. (Operator Instructions). And just to remind you, this conference call is being recorded. Today I am pleased to present Duncan Tatton-Brown, CFO. Please begin your meeting.
Good morning, everyone, and welcome to the call. We are delighted to announce today that we've signed another Ocado Smart Platform partnership, this time with leading Australian grocer, Coles. Coles is one of Australia's biggest and most successful retailers with annual sales of AUD39 billion last year, equivalent to around GBP21 billion, representing a market share of approximately 35%.
Although Coles has already successfully built up a AUD1 billion online business by using a store-pick model, they see an opportunity to go to the next level by taking advantage of the flexibility and adaptability of the OSP, which will allow them to fulfill orders in Australia's urban areas through CFCs and in less urban areas through our store-pick software.
Coles is now the 8th of the
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