AGM and Interim Management Statement

RNS Number : 5495M

AO World plc

17 July 2014

 



17 July 2014

AO World plc

AGM and Interim Management Statement

AO World plc (the "Company"),  a leader in online retailing of electrical appliances in the UK, is holding its Annual General Meeting at 10am today, at which the following Interim Management Statement for the period from 1 April 2014 to today's date, will be made by the Chairman, Richard Rose:

Current trading

We are delighted to  report that trading for the three month period to 30^th June 2014 was in line with the Board's expectations, with like for like sales growth of 30% over the same period for the previous financial year.

Our "Broaden" strategy continues on track. Following AO.com's introduction of the TV category in May, we continue to develop our customer proposition and presence in this market. Similarly we continue to make excellent progress in preparing for the launch of ao.de in Germany this financial year and have recently secured office and warehouse premises in the Cologne area, and have been recruiting, inducting and training German staff for our operation there.

Financial Position and Outlook

Our financial position and trading remain strong and the financial year to date continues to perform in line with our expectations in all respects.

AO's half-year results for the six months ending 30 September 2014 will be announced on 25 November 2014.

For further information, please contact

AO World plc	[phone]
John Roberts Steve Caunce
Instinctif Partners
Matthew Smallwood Justine Warren Jamie Ramsay	[phone]

 

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