Ocado Group plc ( (OCDGF) ) has released its Q4 earnings. Here is a breakdown of the information Ocado Group plc presented to its investors.
Ocado Group plc is a UK-based company specializing in online grocery retail and technology solutions, known for its innovative automation and logistics systems in the retail sector. In its latest earnings report for the fiscal year 2024, Ocado Group plc reported strong financial results, with significant improvements in revenues, profits, and cash flows. The company’s total group revenue increased by 14.1% to £3.2 billion, driven by growth across its Technology Solutions, Logistics, and Retail segments. Adjusted EBITDA also saw a substantial increase, rising to £153.3 million from £51.6 million in the previous year. Despite a statutory loss of £374.3 million, the company improved its underlying cash outflow by £248.8 million compared to the previous year. Ocado Group continues to expand its technological capabilities, with 12 new modules added during the year and significant advancements in its Re:Imagined technology rollout. Looking ahead, Ocado Group aims for continued growth in its Technology Solutions and Logistics segments, with plans to open several new Customer Fulfillment Centers over the next few years. The company remains focused on supporting its partners and enhancing its platform to drive efficiency and growth.