Solutions that deliver, Innovations that inspire
- +44% Technology Solutions revenue growth
- +10% Ocado Group revenue growth
- +7% Ocado Retail revenue growth
- 26 Automated sites live
- £52m Group Adjusted EBITDA
- +£356m Underlying cash flow improvement
2023 Annual Report
Annual Report highlights
- 44% revenue growth; strong growth in recurring capacity fees.
- Opened three new CFCs in Japan, Canada and the UK for our partners.
- 26 live sites; installed capacity of £8bn at maturity.
- Positive Adjusted EBITDA of £15m.
- 0.7% revenue growth; fulfilment and delivery costs broadly flat and impact of inflation offset by improving efficiencies.
- Reached 208 UPH in OSP-powered CFCs, up from 184 in 2022.
- Reliable cash generator; £30m Adjusted EBITDA.
- 7% revenue; strong customer growth driving increased orders, and higher basket values.
- 6% growth in active customers; Perfect Execution Programme driving results.
- Return to profitability; £10m Adjusted EBITDA.
"Our technology continues to meet all of our demanding expectations, delivering strong productivity and efficiency performance. Our teams have done a great job driving financial and operational progress across the Group in FY23. I am also very pleased to report on strategic growth developments with our first non-grocery deal announced for Ocado Intelligent Automation (OIA)."
Tim Steiner, CEO and Founder of Ocado Group
Download the Annual Report
2023 Annual Report (PDF)
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Financial Results
Our 2023 Full Year financial results were announced on 29th February 2024. You can check out the results webcast presentation, highlight and financial figures now.
Annual report 2022
Discover why we're the only player capable of helping our grocery partners to get a leading position through a profitable, scalable e-commerce proposition in our 2022 Annual Report.