AO World encouraged by 53% surge in H1 revenue

AO World encouraged by 53% surge in H1 revenue
Online household electricals specialist AO World swings to a profit amid coronavirus lockdowns.
// AO World says group pretax profit rose to £18.3m for H1
// UK revenue rose 53.9% for the first half of the year, to £616.4 million.
// Founder John Roberts says “Now really is our time and we are investing to win and cement the change.”

AO World on Tuesday revealed a 53.2 per cent rise in total revenue to £717 million for its interim results in the six months to September 30.

The online electrical retailer said group profit before tax rose to £18.3 million from a loss of £5.9 million in the same period a year before.

Against the backdrop of coronavirus, AO World praised its “resilient operation performance”.


READ MORE: AO World H1 revenue up 57%


The Bolton-based retailer’s UK revenue rose 53.9 per cent for the first half of the year, to £616.4 million.

“This has been a half year like no other. I believe our market has changed as a result, forever,” AO World chief executive John Roberts said.

“Online is now the dominant retail channel for customers and manufacturers alike and I am delighted by how our AOers have risen to the challenge of this structural shift in behaviour.

“We have grown share across all categories and the results we’re announcing today give huge confidence that our business is well set for the future to cement the changes.

“Our growth rates have increased from Q2 to Q3 as we unlock capacity constraints.

“Now really is our time and we are investing to win and cement the change.”

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