d profit in the first half of the year, owing in large part to its successful deal with Morrisons.For the first 24 weeks their pre-tax profits stand at £7.5 million, which represents a stark improvement upon their £1 million loss for the period last year. They also published a net sales figure of £442.4 million, marking a 15.6 per cent increase on the half-year numbers for the first six months of 2013.
The company has announced that it has secured a site on which to construct a new warehouse in Andover in Hampshire. Work will begin at this location, which will not be as capacious as its other two sites located in Hatfield and Dordon respectively, in the second half of the financial year. Its Dordon warehouse will undergo an enlargement at this time as part of the £100 million UK investment.
Tim Steiner, CEO of Ocado, was contented by the progress: “Although price competition increased, led by the traditional supermarket retailers, significant progress in operating efficiency and the development of our product offer meant that EBITDA was up almost 80 per cent in the period,” he stated.
The company stated that it has increased its number of active customers from 360,000 to 396,00 in the last year.
