Annual Report and Accounts for the 53 weeks ended 3 December 2017

"For the period to 3 December 2017, we maintained solid sales growth in a competitive environment while progressing our business further across many fronts."

Duncan Tatton-Brown
Chief Financial Officer

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  • Signed our first two* international Ocado Solutions partnerships to enable our partnerʼs online operations
  • Continued to scale our latest CFC in Andover, UK, which utilises the first installation of our proprietary equipment solution

* We signed our third international partnership with Sobeys at the beginning of 2018.

  • Launched the first instance of our Ocado Solutions store picking capability with Morrisons.com
  • Developed new technology and IP, with multiple patent applications filed and granted
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REVENUE (Group) (£m)

Gross sales

EBITDA (Group) (£m)a

EBITDA Group

REVENUE (Retail) (£m)

Gross sales

EBITDA (Retail) (£m)a

EBITDA Retail

REVENUE (Solutions) (£m)

Revenue Solutions

EBITDA (Solutions) (£m)a

EBITDA Solutions

Profit Before Tax (GROUP) (£m)

Profit before tax

See Alternative Performance Measures

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Business Model

Our business was established to revolutionise the way the world shops. Our commitment is to provide our retail and corporate customers with the best proposition in online shopping utilising our proprietary, market leading technologies and innovations.

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Strategy

Our strategy is centred on our three key strategic objectives of driving growth, maximising efficiency and utilising proprietary knowledge. In order to achieve these objectives we structure our business to operate through five core actions. This enables us to deliver market-leading innovations within the grocery industry and shape the market of the future.

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Chairman's Statement

Stuart Rose
"Investment in new technology, innovation and customer growth are keys to the creation of long-term shareholder value for Ocado."
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Q&A With Tim Steiner

Tim Steiner
"The last twelve months have been transformational for Ocado. We have primed our Ocado Solutions business for growth and received an important validation of the business model through our latest partnerships with Groupe Casino and Sobeys. Looking ahead, we are confident that we will be able to do further deals with the momentum of new signings building over time."
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