Online electricals business AO.com achieved total group revenues of £701.2 million for the year to March 31st, representing an increase of 17 per cent. UK sales had risen by 12.7 per cent to £629.7 million. However international development had proved costly and losses were incurred in Germany and the Netherlands despite sales in those countries increasing to £71.5 million in constant currencies. Overall this meant that the business posted a £2.1 million loss in adjusted EBITDA and an adjusted operating loss of £7.7 million.
AO CEO Steve Caunce commented, “We remain as committed as ever to doing business The AO Way and continuing to deliver outstanding results for our customers, our people, our supplier partners and our investors.”
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