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Ocado records quarterly sales rise of 15.3% and 27,000 more orders per week

Published:  15 September, 2015

Online grocery operation Ocado has reported a 15.3% rise in its own retail sales in the 12 weeks to August 9, to £252 million.

Sales from its partnership with Morrisons on its online business bumped up group sales to £272 million, a 17.3 increase on the same period last year.

Average orders per week increased from 163,000 to 190,000, though the average order size was slightly off the pace at £110.46 compared with £111.64 a year ago.

Chief executive officer Tim Steiner said: "We are pleased with the continued steady growth of our business in a retail environment that remains tough.

"We believe out commitment to improving what we offer to customers through innovation and our proprietary IP will support further growth.

"Notwithstanding the competitive nature of the marketplace, we expect to continue growing slightly ahead of the online grocery market."

Fiona Cincotta, a senior market analyst at Finspreads, said: "Ocado posted some impressive results on Tuesday, shrugging off a tough trading environment to record another jump in quarterly sales.

"However, despite these solid results the city is showing signs of disappointment, with the share price falling 0.5%, as it was hoping for some sign of a much anticipated overseas deal."