Andrada Mining acquisition elevates the miner to emerging mid-tier status. Watch the video here.

Less Ads, More Data, More Tools Register for FREE

Pin to quick picksOcado Share News (OCDO)

Share Price Information for Ocado (OCDO)

London Stock Exchange
Share Price is delayed by 15 minutes
Get Live Data
Share Price: 288.90
Bid: 289.70
Ask: 290.90
Change: 2.00 (0.70%)
Spread: 1.20 (0.414%)
Open: 287.00
High: 293.50
Low: 284.40
Prev. Close: 286.90
OCDO Live PriceLast checked at -

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

Revenue and earnings up for Ocado

Tue, 28th Jun 2016 07:52

(ShareCast News) - Online grocer Ocado saw revenue and earning grow in the first half of the year, reporting gross sales of £582.9m for the 24 weeks to 15 May on Tuesday, a 13.9% rise on £511.9m in the comparative period last year.EBITDA hit £40.4m, a 5.7% increase from £38.2m, off the back of revenue of £584.2m, a 14.1% rise of 2014's £507.7m.The FTSE 250 firm saw profit before tax hit £8.5m, up from £7.2m, although cash and cash equivalents dropped to £52.7m from £70.4m by the end of the 24 week period.Ocado's statutory net debt widened to £136.2m from £105m, with external debt reaching £14.6m, compared with external cash of £24.9m last May."I am encouraged by the steady progress in our business, with volumes through our operations, including the throughput for Morrisons, growing by 30%," said Ocado chief executive Tim Steiner."The market remains competitive with ongoing price deflation but our increasing scale and operational efficiencies meant that we still grew profits, albeit at a slower rate."Steiner said the company has been gaining share in the online grocery market, and expects this to continue."The last few years have shown beyond doubt that British shoppers are choosing the benefits of grocery shopping online and we believe that the momentum of channel shift away from bricks and mortar stores will continue."The more opportunities customers have to try grocery shopping online, the more they will be attracted to Ocado's superior customer offer," he added.Testing of the company's new proprietary fulfilment and software solutions in its third facility in Andover was progressing well, Steiner reported, and they expected to move on from the test phase in the autumn post the quieter summer period.Steiner said that, and other innovations in technology that benefit customers, were not only strengthening the Ocado retail brand but also making the Ocado Smart Platform a more attractive solution for retailers outside the UK looking to build their own online grocery offer.He said he remained confident about signing up partners to the platform."Sales growth continues at pace and the productivity of our operations is improving."We have the technology, the brand and the financial resources to build on our leading position and look forward to the future with confidence," Steiner explained.
More News
16 Jan 2024 11:58

LONDON MARKET MIDDAY: FTSE 100 falls despite cooler UK wage growth

(Alliance News) - The FTSE 100 in London was down at midday Tuesday, as investors nervously eye Wednesday's UK inflation data and what it will mean for interest rates.

Read more
16 Jan 2024 09:08

Britain's Ocado Retail won't open new sites in next 2 to 3 years -CEO

LONDON, Jan 16 (Reuters) - British online supermarket Ocado Retail is currently operating at about 75% of its capacity and does not expect to open any new robotic warehouses in the UK for two to three years, its boss said on Tuesday.

Read more
16 Jan 2024 08:50

Ocado Retail CEO: Red Sea disruption impact will be minimal

LONDON, Jan 16 (Reuters) - The chief executive of Ocado Retail said she is not expecting to see much impact on the British online supermarket from disruption to shipping in the Red Sea.

Read more
16 Jan 2024 08:48

LONDON MARKET OPEN: FTSE 100 in red; UK wage growth cools

(Alliance News) - The FTSE 100 in London opened lower on Tuesday, after data showed that wage growth in the UK slowed in the three months to November.

Read more
16 Jan 2024 08:30

TOP NEWS: Ocado celebrates record Christmas trading; outlook rosy

(Alliance News) - Ocado Group PLC on Tuesday said it is confident its "encouraging momentum" will continue over 2024, forecasting further sales growth as it hailed a record Christmas trading period.

Read more
16 Jan 2024 08:26

Britain's Ocado Retail returns to positive earnings in 2022/23 year

Q4 2022/23 revenue up 10.9%

*

Read more
16 Jan 2024 07:37

LONDON BRIEFING: UK jobless rate sticks at 4.2% but pay growth slows

(Alliance News) - Stocks in London are called to open lower on Tuesday, following data showing that the UK jobless rate was unchanged at 4.2% as pay growth slowed.

Read more
16 Jan 2024 07:16

Ocado forecasts return to FY positive core earnings as sales rise

(Sharecast News) - Online grocer Ocado Retail has forecast a return to positive earnings for 2022/23 year as the fourth-quarter revenues rose by almost 11%.

Read more
16 Jan 2024 07:09

Britain's Ocado Retail returns to positive earnings in 2022/23 year

LONDON, Jan 16 (Reuters) - British online supermarket Ocado Retail said on Tuesday it would meet its forecast of a return to positive earnings for its full 2022/23 year after reporting fourth quarter to Nov. 26 revenue growth of 10.9%.

Read more
15 Jan 2024 15:37

London close: Stocks mixed on relatively quiet Monday

(Sharecast News) - London's stock market finished with a mixed performance on Monday, after underwhelming reports from PageGroup and Crest Nicholson.

Read more
10 Jan 2024 16:51

LONDON MARKET CLOSE: Tepid trade as investors await US inflation data

(Alliance News) - London's FTSE 100 ended lower on Wednesday, as its difficult start to the year continues, as investors have one eye on Thursday's US inflation data.

Read more
5 Jan 2024 16:26

UK's Asda to match some discounter prices in push for market share

Asda to match Aldi and Lidl prices on 287 products

*

Read more
3 Jan 2024 08:46

TOP NEWS: UK grocers enjoy bumper Christmas and inflation cools

(Alliance News) - The UK grocery sector had its busiest festive period since the onset of the Covid-19 pandemic four years ago, numbers from Kantar showed on Wednesday, while price inflation worries for consumers abated.

Read more
20 Dec 2023 15:05

London close: Stocks rise as UK inflation slows further

(Sharecast News) - London's stock markets saw a notable upswing on Wednesday, driven by encouraging data revealing a greater-than-anticipated slowdown in UK inflation for November.

Read more
19 Dec 2023 15:02

London close: Stocks manage gains amid holiday slowdown

(Sharecast News) - London's financial markets showed resilience on Tuesday, maintaining positive momentum despite the usual holiday slowdown.

Read more

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.