AO warns supply chain ‘disruption’ will trigger profit decline
AO.com has said that “challenging market dynamics” across the UK and Germany have constrained its sales growth, and that it anticipates a decline in full-year profits as a result.
AO.com recorded a 5% uplift in like-for-like group sales in the six months to September 30, with UK sales up 6% in like-for-like terms.
The retailer said its UK sales growth was hampered by “the nationwide shortage of delivery drivers and ongoing disruption in the global supply chain”.
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