AO World losses widen as European march continues
Bolton-based online domestic appliances company AO World has seen its operating losses widen to £12m, as it continues to invest in establishing a foothold in Europe.
Turnover increased 17% to £701.2m (2016: £599.2m) for the year to the end of March 2017, with both the UK and Europe businesses growing sales. UK sales accounted for £629.7m – up 12% on last year, while revenue from Europe increased 53% to £71.5m.
AO World’s operating loss widened to £12m (2016: £10.6m), which the group said reflected further trading los... You can carry on reading TheBusinessDesk.com for free, but you have reached the maximum number of pages an unregistered user can view. To register for an account, click here or login below...
