19-11-2019 16:00 via gcmagazine.co.uk

AO closes loss-making Netherlands operation

AO World today announced the closure of its loss-making Netherlands operation as it reported Group operating losses of £10.6m for the six months ended 30 September 2019.John Roberts, AO Founder and Chief Executive Officer, said the
move will enable the Group to
concentrate on the transformation of its German business.Total Group revenue for the period increased by 16.3% to £470.1m, up
3.2% on a like-for-like basis excluding revenues from the recently acquired AO
Mobile.UK revenue ros
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