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Mixed results for Ocado as losses widen

SUPR View:

  • Pre-tax loss of £44.4mm
  • Sales up 12.3% with 11.8% more customers
  • Earnings down 20.7%
  • Watch Waitrose negotiations – an extension of 2020 deal key to Ocado
  • Given the timing of the announcement – rumours of a new deal should be taken with a pinch of salt

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