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Ocado Half-Year Results – What The Analysts Said

Published on Jul 15 2020 7:58 AM in Retail tagged: Featured Post / UK / Online / Ocado / Shore Capital / Moody's / GlobalData / What The Analysts Said / Paywall / AJ Bell /

Ocado Half-Year Results – What The Analysts Said

Online retailer Ocado has posted a 27.2% increase in retail revenue in the first half of its financial year, however group EBITDA was down by more than a third (35.5%), due to investment in its Ocado Solutions business.

Commenting on its performance, chief executive Tim Steiner said, "We are confident that accelerated growth in the online channel will continue, leading to a permanent redrawing of the landscape of the grocery industry worldwide."

Here's how leading industry analysts viewed its performance:

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