AO to review German business as supply issues and marketing costs bite
AO has said it will explore options for its German arm as a number of issues impacted its revenues over the past nine months.
The electricals retailer posted a 45% increase in group revenues in the third quarter to December 31 on a two-year basis but a drop of 14% year on year.
UK sales were “broadly stable” compared with the same period last year whereas its German business suffered a 24% decline.
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