AO World (AO.)

Sector:

Retailers

Index:

FTSE 250

100.80p
   
  • Change Today:
      10.95p
  • 52 Week High: 104.21
  • 52 Week Low: 62.30
  • Currency: UK Pounds
  • Shares Issued: 578.57m
  • Volume: 3,187,958
  • Market Cap: £583.20m
  • RiskGrade: 268

AO World to review German operations amid rising costs and falling revenues

By Iain Gilbert

Date: Thursday 27 Jan 2022

LONDON (ShareCast) - (Sharecast News) - Online electricals retailer AO World said on Thursday that it would review its German operations amid rising costs and falling revenues.
AO World stated its German business was being "significantly impacted" by a number of recent material changes to the local trading environment, with competition in the online market intensifying as online penetration returns to pre-pandemic levels, digital marketing costs substantially increasing against pre-pandemic levels and ongoing constraints in supply.

Given that AO World expects these trends to continue for the foreseeable future in the German market, it decided to commence a strategic review of its German business, which will evaluate a range of options aimed at maximising shareholder value.

German revenues were down 24% year-on-year in the quarter and 8% year-to-date, while UK revenues were 12% weaker on the quarter and 1% lower in the nine months ended 31 December. Group third-quarter revenues were 14% softer and 3% lower year-to-date.

"We remain confident about AO's long-term growth prospects, driven by the strength of our proven business model, the quality of our customer proposition, and the long-term market trend towards online migration," said the firm.

As of 0945 GMT, AO World shares were down 2.71% at 104.0p.

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

AO World Market Data

Currency UK Pounds
Share Price 100.80p
Change Today 10.95p
% Change 12.19 %
52 Week High 104.21
52 Week Low 62.30
Volume 3,187,958
Shares Issued 578.57m
Market Cap £583.20m
RiskGrade 268

AO World Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
33.73% below the market average33.73% below the market average33.73% below the market average33.73% below the market average33.73% below the market average
68.42% below the sector average68.42% below the sector average68.42% below the sector average68.42% below the sector average68.42% below the sector average
Price Trend
86.63% above the market average86.63% above the market average86.63% above the market average86.63% above the market average86.63% above the market average
90.24% above the sector average90.24% above the sector average90.24% above the sector average90.24% above the sector average90.24% above the sector average
Income Not Available
Growth
27.43% below the market average27.43% below the market average27.43% below the market average27.43% below the market average27.43% below the market average
30% below the sector average30% below the sector average30% below the sector average30% below the sector average30% below the sector average

What The Brokers Say

Strong Buy 2
Buy 0
Neutral 2
Sell 0
Strong Sell 0
Total 4
buy
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

AO World Dividends

No dividends found

Trades for 28-Mar-2024

Time Volume / Share Price
16:35 195,282 @ 100.80p
16:35 144 @ 100.80p
16:35 1,238 @ 100.80p
16:35 1,234 @ 100.80p
16:35 4,823 @ 100.80p

AO World Key Personnel

CEO John Roberts

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