Positive sales growth and improved EBITDA for Ocado

  • Ocado’s retail business returns to profit for the full year
  • Group-adjusted EBITDA increases by £125.7m
  • Ocado Technology Solutions and Ocado Logistics report positive EBITDA
  • Ocado Retail’s adjusted EBITDA improves to £10.4m

Ocado, the pureplay grocery retailer, has reported positive sales growth and a return to profit for its retail business in the full year ending December 2023. The company posted a group-adjusted EBITDA of £51.6m, a significant increase of £125.7m from the previous year’s loss of £74.1m. Both Ocado Technology Solutions and Ocado Logistics also reported positive EBITDA figures, with £15.4m and £30.1m respectively. Ocado Retail, which had previously experienced a loss of £4m in 2022, returned to a positive adjusted EBITDA of £10.4m.

Factuality Level: 9
Factuality Justification: The article provides specific and verifiable financial information about Ocado’s EBITDA performance, without any apparent bias or misleading information. The data presented is clear and directly related to the main topic.
Noise Level: 2
Noise Justification: The article provides clear and concise financial information about Ocado’s performance, focusing on key metrics like EBITDA. It stays on topic without diving into unrelated territories, supports its claims with specific numbers, and offers valuable insights into the company’s financial health.
Financial Relevance: Yes
Financial Markets Impacted: Ocado
Presence Of Extreme Event: No
Nature Of Extreme Event: No
Impact Rating Of The Extreme Event: No
Rating Justification: The article provides financial information about Ocado’s performance, indicating positive adjusted EBITDA for Ocado Technology Solutions, Ocado Logistics, and Ocado Retail.

Reported publicly: www.retail-week.com