Ocado's Full-Year Results – What The Analysts Said
Retailer and technology provider Ocado has reported a 10.3% increase in retail revenue in its full year to 1 December 2019, however group EBITDA was down 27.2% due to a fire at its Andover depot last year.
"We are pleased to report results which show strong momentum in the business," commented chief executive Tim Steiner. "Although statutory results reflected a combination of factors, including the impact of the Andover fire, the underlying performance of Ocado Retail and the successful growth of Ocado Solutions were very encouraging."
Here's how leading industry analysts viewed its performance:
Nigel Frith, www.asktraders.com
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