Electricals etailer Ao.com like-for-likes jumped 30% in the three months to June 30 as it prepares to launch Ao.de site in Germany.
The etailer, which floated on the stock market earlier this year, said the performance was in line with the board’s expectations
Chairman, Richard Rose said Ao.com’s ‘Broaden’ strategy “continues on track”.
“Following Ao.com’s introduction of the TV category in May, we continue to develop our customer proposition and presence in this market,” he said. “Similarly we continue to make excellent progress in preparing for the launch of Ao.de in Germany this financial year and have recently secured office and warehouse premises in the Cologne area, and have been recruiting, inducting and training German staff for our operation there.”
He added that Ao.com’s financial position and trading “remain strong and the financial year to date continues to perform in line with our expectations in all respects”.
Ao.com is holding its AGM today. It said its half-year results for the six months ending September 30 will be unveiled November 25.
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