Robotics help Ocado in revenues boost

Thanks in part to increased use of robotics in its fulfilment centres, online grocer Ocado is now processing an average of 320,000 orders a week, a 13.1% increase on the same period last year.

For its latest quarterly results, Ocado said its new robotic fulfilment centres at Andover and Erith were performing well, with Erith now processing over 30,000 orders a week.

Retail revenues increased 12% to £390.7 million for the 13 week period. However, average order size fell by one per cent to £104.91 per box.

Chief executive Tim Steiner said: “The new capacity that we have brought on stream in CFCs 3 and 4 in Andover and Erith has enabled us to again report double digit growth in new customer acquisition. Both facilities are performing well and Erith continues to ramp up in line with our expectations.

“Although in many respects 2018 has been a transformative year for Ocado, the story has only just begun. We look forward to the coming year and continuing to turn our substantial opportunities into sustainable value for all our stakeholders”.

Share

Comments are closed.