AO World is a web-based electrical retailer

(Alexander Malric-Smith)

AO World revenues have soared by greater than 50%, with the web retailer’s boss declaring the primary half has been “like no different”.

The corporate, which sells fridges, TVs and laptops on-line, mentioned gross sales within the six months to September 30 jumped 53.2% to £717 million.

It recorded a pre-tax revenue of £18.three million, in comparison with a £5.9 million loss a 12 months earlier.

The FTSE 250 firm, led by John Roberts, noticed excessive demand for merchandise on-line in a interval that noticed swathes of excessive avenue retailers have to shut for Covid-19 lockdowns.

AO World mentioned the electricals market has more and more moved on-line as prospects proceed to decide on this channel to make their purchases.

Roberts mentioned: “This has been a half 12 months like no different. I consider our market has modified because of this, eternally. On-line is now the dominant retail channel for purchasers and producers alike.”

He added: “We now have grown share throughout all classes and the outcomes we’re saying right now give large confidence that our enterprise is nicely set for the longer term to cement the modifications.”

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