Ocado has made its first full-year profit in the company's 15-year history
Why it's interesting
What Ocado said
The successful launch and smooth ramp up of Morrisons.com was particularly encouraging and paves the way for future agreements to commercialise the value of our intellectual property.Overall, we are well equipped to continue to lead the online grocery revolution, in the UK and overseas, as increasing numbers of customers shift away from traditional forms of retailing. We are confident that we have significant opportunities for growth in sales and shareholder value.
Overall, shares in Ocado have gone down over the last twelve months. However, they have been on an upward trajectory since October last year, and today's results indicate this is likely to continue for some time.