BRIEF-Ocado Q1 group sales up 22.6 pct

March 12 Wed Mar 12, 2014 3:09am EDT

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March 12 (Reuters) - Ocado Group PLC : * Interim management statement for the 12 weeks to Feb 23 * Gross sales (group) £227.5M, up 22.6% * Gross sales (Retail) £218.8m, up 18.0% * Continued solid trading momentum with improved efficiencies in both CFCs

since the end of 2013 * Morrisons.com ramp up progressing well * Phase 2 development at CFC2 on track with completion due in H2 2014 * We expect to continue growing in line with, or slightly ahead of, the market * Source text

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