Financial and statutory highlights
|
|
FY 2015 £m |
FY 2014 £m |
Change vs 2014 % |
|
Gross sales1 (Retail) |
1,115.7 |
972.4 |
14.7 |
|
Revenue2 |
1,107.6 |
948.9 |
16.7 |
|
|
|
|
|
|
EBITDA3 |
81.5 |
71.6 |
13.8 |
|
|
|
|
|
|
Statutory profit before tax |
11.9 |
7.2 |
65.3 |
|
Cash and cash equivalents |
45.8 |
76.3 |
|
|
Statutory net debt |
127.0 |
99.4 |
|
|
External net debt (cash)4 |
7.5 |
(31.4) |
|
Tim Steiner, Chief Executive Officer of Ocado, said:
"We are pleased to announce results today which illustrate the progress Ocado has made through its clear focus on innovation and customer service. The continued enhancement of Ocado's industry-leading technology and investment into our retail proposition over the course of the year has meant our customers now have greater choice, competitive prices and consistently high order accuracy and on-time delivery. As a result, customer numbers grew, reflected in strong revenue growth in a very challenging market environment.
"We will shortly open our next Customer Fulfilment Centre in Andover which houses the first installation of our new proprietary equipment solution. This has been designed and is manufactured in Britain by Ocado, and will significantly further enhance our capabilities and efficiencies.
"Our ability to package our unique proprietary technology, including our equipment solution, for retail partners outside the UK through our Ocado Smart Platform is proving to be of great interest to a significant number of retailers. We expect to sign multiple deals in multiple territories in the medium term.
"We are transforming the shopping experience for the benefit of our customers in the UK, and expect to do so for customers in other countries through Ocado Smart Platform. We look forward to making further progress over the current financial year."
We continued to make good progress in the delivery of our strategic objectives - driving growth, maximising efficiency and utilising proprietary knowledge, through the following actions:
