OCADO17 Mar 2020 09:11
stock market value of OCDO is to high in my opinion, and lost making at that as well.
Financial highlights
• 10.3% Retail Revenue growth, making Ocado Retail the fastest growing grocer in the UK, despite capacity lost with Andover fire
• Fees invoiced to International Solutions partners of £81.4 million, up over 38%, bringing the total to around £140m of unrecognised fees by the end of the year
• Group EBITDA was £43.3 million, reflecting the combined impacts of the Andover fire, the adoption of IFRS 16, and the costs of share schemes, broadly in line with consensus
• Loss before tax was £214.5 million
• Funding position strengthened to £751 million. A further £600 million was raised through a convertible bond issuance after the year end