Despite increased sales, Ocado continues to face losses
- Ocado’s sales have increased
- Ocado’s retail business returned to profit
- Group-adjusted EBITDA improved by £125.7m
- Ocado Technology Solutions and Ocado Logistics had positive EBITDA
- Ocado Retail’s adjusted EBITDA turned positive
Ocado has reported a rise in sales and a return to profit for its retail business in the full year ending December 2023. The company’s group-adjusted EBITDA improved by £125.7m, with positive EBITDA for Ocado Technology Solutions and Ocado Logistics. Ocado Retail also saw a positive adjusted EBITDA of £10.4m, after a loss in the previous year.
Factuality Level: 9
Factuality Justification: The article provides specific and factual information about Ocado’s financial performance, including EBITDA figures for different segments. The data presented is clear and directly related to the main topic without any irrelevant information or bias.
Noise Level: 3
Noise Justification: The article provides specific financial data about Ocado’s EBITDA performance, which is relevant and supported by numbers. It stays on topic and does not contain irrelevant information. However, it lacks in-depth analysis, antifragility considerations, and accountability aspects, which could have provided a more comprehensive view.
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 a positive turnaround in their EBITDA compared to the previous year.
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