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Ocado sees double digit growth in orders

19 Dec, 2018

Ocado Group Plc has announced its trading statement for the 13 weeks to 2nd December 2018, in which it saw double digit growth in average orders per week. The online supermarket also saw consistent strong growth in revenue of 12.0%, and the new facilities at Andover and Erith continue to perform well, with Erith now […]

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Ocado Group Plc has announced its trading statement for the 13 weeks to 2nd December 2018, in which it saw double digit growth in average orders per week.

The online supermarket also saw consistent strong growth in revenue of 12.0%, and the new facilities at Andover and Erith continue to perform well, with Erith now processing over 30,000 orders per week.

The upcoming Christmas period is also forecast to generate further growth as online shoppers place their orders for the festive period.

Tim Steiner, Ocado’s chief executive officer, said: “Our unrelenting focus on delivering consistent high levels of service and value to our customers in the U.K. has produced another quarter of satisfying growth.

“The new capacity that we have brought on stream in CFCs 3 and 4 in Andover and Erith has enabled us to again report double digit growth in new customer acquisition. Both facilities are performing well and Erith continues to ramp up in line with our expectations.

“Although in many respects 2018 has been a transformative year for Ocado, the story has only just begun. We look forward to the coming year and continuing to turn our substantial opportunities into sustainable value for all our stakeholders”.

Ocado claim they remain the prime catalyst for growth in the UK online channel, and the business now has over 580,000 active customers shopping with them.

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