Online grocer Ocado maintains growth

ONLINE grocer Ocado broadly maintained sales growth in its third quarter and said it expected to continue growing slightly ahead of the online grocery market.

Picture: PA

The firm, whose range includes products supplied by upmarket grocer Waitrose, said its gross retail sales rose 15.3 per cent to £252m in the 12 weeks to August 9, having increased 15.7 per cent in its first half.

“We are pleased with the continued steady growth of our business in a retail environment that remains tough,” said chief executive Tim Steiner.

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Ocado’s average orders per week rose 16.6 per cent to 190,000, though average order size dipped 1.1 per cent to £110.46

The firm’s trading update made no mention of a first technology deal with an overseas retailer, a development it said in February it was aiming to achieve this year.

The company signed its first third-party deal with Morrisons in 2013. That helped the firm to report a pre-tax profit for the 2013-14 year, the first in its 15-year history.