Capex to rise to around 800 mln stg in 2022, the British online supermarket and technology firm, warned core earnings in 2022 would undershoot market expectations as it steps up investment in automated warehouses around the world, hammering its shares.
"That would imply therefore a 30 million pound lower EBITDA for that segment in 2022 than current consensus and therefore a similar lower level for the group number," he said. Investment in 2022 will support the launch of nine automated warehouses as well as technology development.
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Don't worry. As long as there are people, they will buy from supermarkets.
Thank life for being better than them and look at them with compassionate eyes