Ocado delivers with strong christmas profits
Published 11/01/2011 | 08:00
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.