AO hails ‘outstanding progress’ as sales and profits soar

AO van has reported strong sales and expects profits for the year to be in line with market consensus after capitalising on “ the challenges and opportunities” presented by the pandemic.

The pureplay electrical specialist said in a trading update for the financial year ending March 31, 2020, that group sales for the period were up 68% to £1.66bn and it expects full-year profits to be between £63m and £72m.

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