Posted 11th January

Revenue increase for AO World in Q3 2019

By KBBDaily on 11th January 2019 - 10:07am
money matters, ao, ao world, financial, trading, report, revenue, black friday, kbb, kbbdaily, appliance

Online electrical retailer AO World has reported an 8.2% rise in group revenue for the third quarter of the 2019 financial year, marking the three months to the 31st December 2018, as well as an increase of 4.4% in UK revenue.

According to the group, UK customers “responded positively” to its seasonal Black Friday offer, making November its highest ever sales month. Revenue for the group’s European businesses rose by 31.3% in the period.

“Against a challenging backdrop, Q3 represents a solid performance across the AO Group,” said AO World CEO Steve Caunce. “We are on track with our plans as we continue to provide a great proposition for our customers.

“I am particularly proud of the hard work of the teams in the UK and Europe in this critical trading period which saw a record numbers of customers choose AO for their Black Friday and seasonal electricals purchases.”

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