Online Supermarket Sees Growth Amidst Transformative Year

  • Ocado’s revenue increased by 12% to £390.7m in Q4
  • Average weekly orders increased from 283,000 to 320,000
  • Average order size fell 1% to £104.91
  • Cash and cash equivalents at £411m, external borrowings at £286m
  • New facilities in Andover and Erith contributing to double-digit growth in new customer acquisition

Online supermarket Ocado has reported a 12% increase in revenue to £390.7m for the 13 weeks to December 2, compared to £348.9m in the same period last year. The company’s growth was in line with its guidance for the year, with average weekly orders rising from 283,000 in Q4 2017 to 320,000 this year and an average order size falling 1% from £105.94 in 2017 to £104.91 in 2018. Ocado’s CEO Tim Steiner attributed the growth to new facilities in Andover and Erith, which have contributed to double-digit growth in new customer acquisition. With cash and cash equivalents at £411m and external borrowings at £286m, the company is optimistic about future opportunities.

Factuality Level: 9
Factuality Justification: The article provides accurate information about Ocado’s financial results, growth in revenue and customer acquisition, as well as quotes from the CEO. It is objective and does not include any irrelevant or sensational details.
Noise Level: 3
Noise Justification: The article provides relevant information about Ocado’s financial performance and growth, but it lacks in-depth analysis or exploration of the factors contributing to this growth and potential future implications.
Financial Relevance: Yes
Financial Markets Impacted: Ocado’s stock price may be impacted by these financial results
Financial Rating Justification: The article discusses Ocado’s Q4 financial results, including revenue growth and cash position, which are relevant to the company’s financial performance. This information could potentially affect investors’ decisions and influence the company’s stock price in financial markets.
Presence Of Extreme Event: No
Nature Of Extreme Event: Other
Impact Rating Of The Extreme Event: No
Extreme Rating Justification: There is no extreme event mentioned in the article.

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