Ocado's core earnings weighed down by investment

📆 8/02/2022 8:22 a. m.
📰 RTEbusiness

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Ocado's revenue rose 7.2% to £2.5 billion, while capital expenditure increased by £154.8m to £680.4m, reflecting increased investment in the roll-out of automated warehouses, along with investment in technology development and platforms.

The group's earnings before interest, tax, depreciation and amortisation were £61m in the year to November 28 2021.

Revenue rose 7.2% to £2.5 billion, while capital expenditure increased by £154.8m to £680.4m, reflecting increased investment in the roll-out of automated warehouses in the UK and overseas, along with investment in technology development and platforms. The group has already struck partnership deals to provide its technology to supermarket groups in eight countries, including Kroger in the Us, Aeon in Japan, Casino in France and Coles in Australia.

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