Ocado has reported an increase in sales of 25% to £427.3m for the year to end November 2009. And, on a like-for-like basis, sales were up by 30% in the following 12 week period to 21 Feb.
While the online grocer is still to make its first profit, operating losses were substantially reduced last year, from £21.6m in 2008 to £14.4m last year.
The positive figures have led to renewed speculation that Ocado will seek a stock market flotation as early as July this year.
