Ocado Group profit boosted by progress in technology solutions - Retail Gazette

Ocado profit rises thanks to technology division - RetailDetail EU

The British Ocado Group saw its adjusted EBITDA rise by 76 % to 91.8 million pounds (110 million euros) in the past half year, mainly thanks to its technology division. However, concerns about the company’s debt burden are growing. Technology solutions drive revenue and profit The technology solutions division was the strong performer within Ocado, doubling its adjusted EBITDA to 72.8 million pounds (87 million euros). Total group revenue climbe…

Ocado H1 profits surge as tech division drives growth

Ocado Group has posted a 13.2% jump in group sales, led by strong gains in its technology solutions arm. The e-commerce group revealed that for the 26 weeks to 1…

Ocado Group profit boosted by progress in technology solutions - Retail Gazette

Ocado Group reported profit growth in its half year results, driven by continued progress in its technology solutions. Group adjusted EBITDA hit £91.8m for the 26 weeks ended 1 June, up 76% from its £52m the same time last year. Within this, its technology solutions rose to £72.8m from £34.8m the year prior. Sales for the group were up 13.2% over the period from £595.4m to £674m, driven by a 14.9% surge in its technology solutions business and 1…