Home Business News Ocado loses out on £4.5m of sales due to fire

Ocado loses out on £4.5m of sales due to fire

by Sarah Dunsby
19th Mar 19 9:00 am

Ocado the online grocer has insisted the fire that ripped through their Andover robotics facility is only a “temporary” set back.

The online grocer reported a revenue rise of 11.2% to £404m in the 13 weeks to 3 March, this is slower than anticipated.

The impact of the fire at Ocado’s Andover customer fulfilment centre, impacted the equivalent to 1.2% of sales.

The company missed out on around £4.5m of income and their growth would have been 12.4%.

Ocado’s chief executive Tim Steiner said, “Our first quarter was characterised by continued strong underlying growth in Ocado Retail but also the initial impact of the fire at our CFC in Andover on our headline numbers.

“The fire has been a setback, but it will be only a temporary one.

“Over the last few weeks, our teams have been working hard to minimise any disruption to our customers and we will build a state-of-the-art replacement facility that reflects all the innovations and improvements we have made since Andover opened in November 2016.”

Last month Ocado confirmed plans for a 50/50 joint venture with M&S.

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