LONDON (dpa-AFX) - Ocado Group plc (OCDO.L), a UK-based online grocery retailer, reported Tuesday that group gross sales for the 12 weeks to February 21 increased 15.3 percent to 312.4 million pounds from last year's 271.1 million pounds.
In its trading statement, the company reported that retail gross sales increased 13.8 percent to 286.7 million pounds from 252 million pounds last year.
Average orders per week grew 16.9 percent to 214,000, while average order size dropped 2.9 percent to 111.41 pounds.
As at February 21, the company had cash and cash equivalents of 38.3 million pounds.
Tim Steiner, Ocado's Chief Executive Officer, said, 'We are pleased with the steady progress in our business, maintaining double digit sales growth in a retail environment that remains challenging, and post period end we shipped over 250,000 orders in a single week for the first time..... Notwithstanding the tough nature of the marketplace, we expect to continue growing ahead of the online grocery market.'
The Half Year Results Announcement will be made on June 28.
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