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Ocado delivers with strong christmas profits

Published 11/01/2011

Online grocer Ocado said it had out-performed market expectations since its controversial stock market flotation after delivering a strong Christmas performance.

The firm posted gross sales of £5.9m in the four weeks to December 26, up 26.7% on last year.

Sales in the week before Christmas were £12.3m, up 43.5% on last year. In a bid to overcome the weather, the group fitted snow tyres to 7 delivery vehicles and met more than 98% of orders.

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