Key strengths

Having pioneered our unique approach to online grocery shopping, we believe we are well placed to deliver strong growth and profitability. Key considerations for investors include the following:

Largest dedicated online grocery supermarket in the world

Significant market opportunity in grocery, the largest retail segment

Ideally positioned to benefit from continuing channel shift to online

Proprietary intellectual property creating significant competitive advantages

Commercialising intellectual property offering significant value creation from platform business

End-to-end operating model gives structural advantages

Superior customer offering with leading service, range and price proposition drives growth

Operational leverage and virtuous cycle of growth and investment expanding margins

Proven management team driving strategy and execution

Actively promoting responsible business behaviour

Annual Report 2016

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