Ocado has announced its preliminary results for the 52 weeks ending 30 November 2014.

Pre-tax profits reached £7.2m recovering from a pre-tax loss in 2013. Sales were up by 19.8% compared to the previous year to £948.9m.

The online retailer says that active customer numbers increased to 453,000, up from 385,000 in 2013, with the average basket worth £112.25, and it now offers more than 43,000 skus at Ocado.com, up from 34,000 in 2013.

In January 2014 it worked with Morrisons to launch its online grocery offer at Morrisons.com.

Ocado was also voted Best Online Grocer by Which? magazine in its members’ Annual Satisfaction Survey for the fifth successive year.

Chief executive officer, Tim Steiner, said: “Over the last 12 months we have seen continued pressure in the grocery market with supermarket store volumes declining and ongoing competitive pricing activity. At the same time, the number of customers choosing to shop for their groceries online has grown as the channel shift to online progresses.  

“Against this backdrop, we have continued to make progress in each of our strategic objectives of driving growth, maximising our efficiency, and utilising our knowledge. In particular, we delivered sales growth ahead of the broader online grocery market, successfully launched our first platform customer, Morrisons.com, and made significant progress in our plans for the next generation CFC assets.”