Ocado profits rise after 'robust trading'

Ocado chief executive Tim Steiner said it had achieved "Robust trading" in a challenging environment. Annual revenues rose 14.8% to £1.27bn, and Ocado said its customer base had grown by almost 14% to 580,000. Ocado said it was still in continued talks with several international retailers in regards to a partnership using the Ocado Smart Platform. On the home front, Morrisons agreed in August to expand its home delivery service nationwide in a new deal with Ocado. Ocado said it had "Provided the capability and execution for strong growth" in regard to its partnership with Morrisons.

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