City analysts have had their say on the future prospects of online electricals giant AO after it raised its expectations despite its losses widening during the first half of its current financial year.
Experts at Panmure Gordon have said they are not sure whether the Bolton-headquartered company is "out of the woods" on financing despite it "reverting to making some money rather than chasing sales" following the closure of its German operations.
AO, in an update to the London Stock Exchange, confirmed that its pre-tax losses had gone from £4.3m to £11.6m while its revenue had fallen from £660.6m to £546.3m.
