Ocado 2013 Interim results

DividendMax Ltd.

Ocado 2013 Interim results

Strategic highlights

First strategic customer, Wm Morrison Supermarkets plc ("Morrisons"), announced with signing of 25 year agreement to provide intellectual property ("IP") and operational services to launch their online business

Sale and leaseback of Dordon Customer Fulfilment Centre ("CFC2") to Morrisons announced

CFC2 opened on time and on budget, and ramp-up on target

First dedicated non-food distribution centre ("NFDC") opened to support continued growth of non-food business.

Operational highlights

Increase in sales growth continued with stronger momentum in new customer growth maintained

Industry leading service levels for on time delivery and in full orders improved further

Range extension continued to over 31,000 SKUs

Improved Hatfield Customer Fulfilment Centre ("CFC1") efficiency.

Companies mentioned