Half Year Results 

Ocado says demand will be sustained

Ocado says demand will be sustained

The Covid-19 crisis has spurred many of us to venture online for our food and drink shopping. That shift has, in turn, created unprecedented demand for grocery platform Ocado (OCDO) – which enjoyed retail revenue growth of more than a quarter during the six months to May, reaching £1bn. The group’s adjusted retail cash profits (EBITDA) rose even more quickly, up 87.3 per cent to £45.7m.

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