AO World plc Quarter Three Trading Statement (8334B)
12 January 2015 - 6:00PM
UK Regulatory
TIDMAO.
RNS Number : 8334B
AO World plc
12 January 2015
AO World plc
12(th) January 2015
Quarter Three Trading Statement
Strong sales and continued delivery to plan
AO World plc, the UK's leading online retailer of major domestic
appliances, announces strong sales for the third quarter and
continued delivery against the plan set out at IPO.
AO website revenue for the three months to 31(st) December 2014
was up 38%, and total revenue (including third party retail and
logistics) was up 26%. These figures exclude Germany, where we
launched operations on October 1st.
Operationally we managed very well over the peak trading period,
maintaining our industry-leading website response times, service
levels and logistics performance, in spite of large spikes in
volume, particularly on "Black Friday". As a result, customer
satisfaction levels remained high, reflecting our market leading
proposition.
Sales of audio visual categories, launched in May 2014, built
well during the period and we were particularly pleased with
performance in the run up to Christmas.
In Germany we are operationally ahead of plan and sales are
building well, giving us confidence to explore wider marketing
opportunities to drive growth.
The outlook for the full year remains in line with
expectations.
John Roberts, Chief Executive Officer, said:
"AO World has made continued progress through the third quarter,
delivering further strong trading in the UK while moving ahead both
operationally and strategically. Our brand recognition continues to
grow and over this key peak period, including the unprecedented
demand seen on Black Friday, we continued to deliver for our
customers. Our unbeatable prices, huge range and amazing service
mean our customer satisfaction levels have remained
exceptional.
I am delighted at the progress we are making in Germany where we
launched six months ahead of schedule. We are already receiving
great customer feedback, showing that our compelling offer
translates well and giving us increased confidence in our ability
to replicate our model in other overseas markets.
We remain confident of meeting full year expectations and are
well positioned to continue to deliver for our customers and our
investors."
A conference call for analysts will be held today, 12 January
2015, at 8.00am (GMT). For details and to register, please contact
cguest@tulchangroup.com
For further information, please contact:
AO World plc +44(0) 1204 672400
John Roberts
Steve Caunce
Tulchan Communications +44(0) 20 7353 4200
Susanna Voyle
Michelle Clarke
This information is provided by RNS
The company news service from the London Stock Exchange
END
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