Accelerating commercial momentum, on track to turn cash flow positive, FY26 expectations unchanged.
Announcing our 2026 Half Year Results, Ocado Group CEO Tim Steiner said: "The first half of the year has seen accelerating international volume growth, strong commercial momentum, improved organisational efficiency, and rigorous cost discipline. Since the start of the year, we’ve been re-engaging retailers across some of the world’s largest grocery markets, with the USA a particular focus, supported by a significantly evolved portfolio of technology solutions.
Alongside a more focused R&D investment strategy, we have made significant organisational changes to strengthen cost and capital discipline while improving the effectiveness of our commercial operations. As we continue to focus on delivering growth and efficiency, we will achieve positive cash flow in the second half of the year and be full-year cash flow positive in FY27.
I remain fully focused on executing our strategy and creating value. I am pleased that, in recent weeks, we have established a clear process for long-term succession planning at Ocado. We have the best technology in the industry, exceptional talent, and a tremendous opportunity ahead of us. I am as excited and energised about Ocado’s future as I have ever been.”
Read more: https://lnkd.in/drkaYzgw
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