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MarketScreener Homepage  >  Equities  >  London Stock Exchange  >  AO World plc    AO.   GB00BJTNFH41

AO WORLD PLC

(AO.)
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UK retailer AO World's sales surge as demand continues after lockdown

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08/20/2020 | 02:13am EDT

Online electricals retailer AO World said on Thursday its revenue surged in the months during and after the easing of coronavirus lockdowns as demand for its products and services was sustained even after its rivals reopened stores in July.

The company said year-on-year revenue in the UK jumped 58.9% to 401.3 million pounds ($524.74 million) and 91.5% to 74.3 million euros ($87.93 million) in Germany for the four months ended July 31.

"This reaffirms our belief that this is a structural shift in demand where customers have found a better way to shop the electricals category," the company, which sells washing machines, fridges, cookers, televisions and mobile phones, said.

Retailers like Ocado, Zalando and Boohoo have benefited from the lockdown-triggered buoy in online shopping. Last month, AO World posted a more than 50% rise in annual core profit and said printers, breadmakers and Nintendo Switch video consoles were in demand.

The company also said it remains cognisant of the significant level of economic and customer uncertainty due to COVID-19 and the prospect of a December Brexit, and the impact this may have on demand for electricals in the medium term.

($1 = 0.7648 pounds)

($1 = 0.8450 euros)

(Reporting by Tanishaa Nadkar in Bengaluru; editing by Uttaresh.V)


Stocks mentioned in the article
ChangeLast1st jan.
AO WORLD PLC 5.86% 334 Delayed Quote.249.39%
BOOHOO GROUP PLC 4.68% 261.8 Delayed Quote.-16.05%
EURO / BRITISH POUND (EUR/GBP) -1.19% 0.90192 Delayed Quote.7.50%
NINTENDO CO., LTD. -1.70% 56250 End-of-day quote.27.93%
OCADO GROUP PLC -1.34% 2425 Delayed Quote.92.18%
ZALANDO SE -2.17% 83.14 Delayed Quote.88.09%
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Financials
Sales 2021 1 444 M 1 899 M 1 899 M
Net income 2021 - - -
Net cash 2021 27,9 M 36,6 M 36,6 M
P/E ratio 2021 -
Yield 2021 -
Capitalization 1 489 M 1 929 M 1 958 M
EV / Sales 2021 1,01x
EV / Sales 2022 0,95x
Nbr of Employees 3 000
Free-Float 56,8%
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Technical analysis trends AO WORLD PLC
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TrendsBullishBullishBullish
Income Statement Evolution
Consensus
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Mean consensus BUY
Number of Analysts 5
Average target price 224,60 GBX
Last Close Price 315,50 GBX
Spread / Highest target -8,08%
Spread / Average Target -28,8%
Spread / Lowest Target -73,7%
EPS Revisions
Managers
NameTitle
John Charles Roberts Chief Executive Officer & Executive Director
Geoffery Ian Cooper Non-Executive Chairman
Jonathan Mark Stephen Higgins Chief Financial Officer & Executive Director
Christopher John Hopkinson Non-Executive Director
Marisa-Luisa Cassoni Senior Independent Non-Executive Director
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