AO hails ‘outstanding progress’ as sales and profits soar

AO van

AO.com 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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