THE RETAIL BULLETIN - The home of retail news
20 years serving the retail industry
Home Page
News Categories
Christmas Ads
Commentary
Department Stores
Electricals & Technology
Entertainment
Fashion
Food & Drink
General Merchandise
Grocery
Health & Beauty
Home & DIY
Interviews
Property
Retail News
Retail Solutions
Shopping Centres, High Streets & Retail Parks
Sports & Leisure
Retail Events
Retail HR 2022
THE Retail Conference 2022
Retail Women In Leadership 2022
Digital Transformation Strategy 2022 Part 2
Upcoming Retail Events
Past Retail Events
Retail Insights
Retail Solutions
Advertise
About
Contact
Subscribe for free
Terms and Policies
Privacy Policy
AO sales growth hit by driver shortage

Online electrical retailer AO World saw its like-for-like sales increase by around 5% year-on-year in the six months to 30 September against strong comparatives during the… View Article

ELECTRICALS & TECHNOLOGY

AO sales growth hit by driver shortage

Online electrical retailer AO World saw its like-for-like sales increase by around 5% year-on-year in the six months to 30 September against strong comparatives during the first Covid-19 lockdown.

In the UK, revenues climbed by around 6% despite growth being impacted by the nationwide shortage of delivery drivers and disruption to global supply chain.

Meanwhile, revenue in Germany rose by approximately 3% in local currency.

On a two year like-for-like basis, revenues across the group were up around 66%, with sales rising by 63% in the UK and by 84% in Germany.

AO World now expects revenue growth in the second half of the year to be at a similar rate to that of the first half. It is also anticipating that full year group adjusted EBITDA will come in at between £35 million and £50 million, with profits more heavily weighted than usual towards the second half of the year.

The company added: “Whilst we continue to see industrywide issues relating to ongoing supply chain disruption, we have implemented measures to help mitigate these challenges in our logistics operations.

“Whilst the macro-outlook remains uncertain, we have confidence in the proven resilience of our business model and are well placed to meet customer demand in our peak third quarter sales period.”

Email this article to a friend

You need to be logged in to use this feature.

Please log in here

Subscribe For Retail News

THE NEXT EVENT

See all upcoming events

LATEST VIDEO

Future of Customer Engagement 15 June 2022
Future of Customer Engagement 15 June 2022

Watch video >