RE: Get ready for Feb 27 ...14 Jan 2025 15:07
The company said expectations for further growth at Ocado Retail will be provided at the Ocado Group full year results on 27 February 2025.
In the mid-term the company is targeting a high mid-single digit adjusted EBITDA (earnings before interest, taxation, depreciation, and amortisation) margin.
EXPERT VIEW
Russ Mould, investment director at AJ Bell said: ‘Ocado’s retail joint venture with Marks & Spencer finally seems to have cracked the recipe for success. There are significantly more customers and they’re shopping more frequently. This performance should settle some nerves at Marks & Spencer given relationships have been fragile between the two partners. The key challenge is to sustain this momentum.