AO World on track after Q1 but demand weakened in June

AO World update

AO World has reported an eight per cent jump in UK sales, which reflected a strong start to its year in April and May although weaker demand hit its performance in June.

In a first quarter trading update to be delivered ahead of today’s AGM, the online domestic appliances retailer said it remained “on track to deliver its long-term strategic plan and the Board’s expectations for the full year remain unchanged”.

In Europe, AO World recorded 46.2 per cent surge in sales in constant currency rates and said growth in that market was this was in line with its plan.

The company said its half year results for the six months ending 30 September 2018 will be announced on 20 November 2018.

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