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AO World reports bumper sales during pandemic

by LLB Editor
15th Apr 21 11:58 am
Online electricals retailer AO World’s revenue in the year to March 31 increased 63% to nearly £1.7 billion and underlying profits are expected to be in the range of £63 million to £72 million.
That is up from £19.6 million a year earlier and in line with what analysts had pencilled in.
AO World, which sells goods such as washing machines, fridges and laptops online, gained over 2 million new customers during the pandemic
John Roberts, AO World’s founder and chief executive, said: “I expect that we will continue to be a double-digit growth business in the year ahead, even now as we lap the tough comparatives from last year with physical stores open.”

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