OCDGF - Ocado: A Long Way Down But Further To Go

2024-03-05 08:18:43 ET

Summary

• Ocado continues to be heavily loss-making, reporting a pre-tax loss of £400m in 2023.
• The company's profitability outlook has worsened over the years, with its bottom-line performance moving in the wrong direction.
• Ocado is in a dispute with its key business partner, Marks and Spencer, over targets and potential payment, which may require a legal process to resolve.

British online retailer and service provider Ocado ( OCDGF ) continues to be an innovative business, but sustained profitability looks as distant now as it has at any point since the firm’s 2010 listing....

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