LONDON, Dec 10 (Reuters) - British online supermarket Ocado
Group raised its core earnings forecast for 2019-20 for
the second time in two months on Thursday after sales at its
retail joint venture with Marks & Spencer rose 34.9% in
the fourth quarter to Nov. 29.
Ocado forecast full year earnings before interest, tax,
depreciation and amortisation (EBITDA) of "over 70 million
pounds" ($93 million) versus a previous forecast of "over 60
million pounds". EBITDA in 2018-19 was 43.3 million pounds.
($1 = 0.7497 pounds)
(Reporting by James Davey)
Marks & Spencer (MKS)
Ocado (OCDO)