Ocado increases underlying profit and reaffirms 2026 cashflow guidance
Portfolio Pulse from
Ocado Group PLC reported an increase in underlying profit and reduced statutory losses, maintaining confidence in achieving positive cashflows by 2026. Despite a 14.1% revenue decline in 2024, the company remains optimistic.
February 27, 2025 | 8:30 am
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NEUTRAL IMPACT
Ocado Group's underlying profit increased, and statutory losses were reduced, with a reaffirmed positive cashflow target for 2026. However, 2024 revenues fell by 14.1%.
Ocado's financial results show improved profitability and reduced losses, which is positive. However, the significant revenue decline tempers the optimism, leading to a neutral short-term impact.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100