Ocado remains ‘confident’ as it returns to profitability
Online grocer Ocado has posted a return to profitability in its second quarter and said it remains “confident” in its full-year performance following the first half of the financial year.
Ocado posted group EBITDA of £16.6m for the 26 weeks to May 28, 2023, up from a loss of £13.6m during the same period last year, while Ocado Retail posted a “small loss” of £2.5m during the first half despite EBITDA remaining positive throughout its second quarter.
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