Ocado's annual loss narrows to 374 million pounds

Reuters
02-27
Ocado's annual loss narrows to 374 million pounds

LONDON, Feb 27 (Reuters) - Ocado OCDO.L, the British online supermarket and technology group, reported a smaller annual pretax loss of 374.3 million pounds ($473.8 million), reflecting an improved performance in both its technology solutions and retail divisions.

Ocado also said on Thursday it was still on track to turn cash flow positive during its 2025/26 year, a key target for the group.

($1 = 0.7900 pounds)

(Reporting by James Davey; Editing by Kate Holton)

((james.davey@thomsonreuters.com))

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