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Ocado Half-Year Results: What The Analysts Said

Published on Jul 9 2019 3:00 PM in Retail tagged: Featured Post / Ocado / Bernstein Research / Moody's / GlobalData / Paywall / AJ Bell / World News / What The Analsyts Said

Ocado Half-Year Results: What The Analysts Said

Online grocer and technology firm Ocado has posted a 9.7% increase in retail revenue in the first half of its financial year, despite a major fire at its Andover depot, with group revenue up 10.5% for the period.

Commenting on the group’s performance, Tim Steiner, Ocado chief executive, said, “In the last six months the centre of gravity at Ocado Group has shifted.

"Our exciting new joint venture with M&S creates further growth opportunities for both parties in the U.K. and allows Ocado Group to increase focus on growing our Ocado Solutions business and innovating for our partners,” he added.

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