Electricals giant AO World said the retail market had performed better than expected as it released an upbeat trading statement.
The Bolton-headquartered group today said its measures to cut costs and improve margins were seeing “positive traction” and that its profit guidance was not at the top end of the guidance it issued in February.
In a trading update for the year to March 31, AO said estimated UK revenues for the full year to 31 March 2023 were expected to be £1.13bn.
