AO World has reduced this quarterly profit forecasts in the increase in supply chain issues and costs.
Although the company has seen a successful year in blockade, it has indicated that concerns about global shipping and product shortage are growing.
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Electrical product retailers’ revenue may decrease by 5 % this year. The annual forecasts have decreased from £ 35 million to £ 50 million, just eight weeks ago, to 200,000 pounds.
“At the beginning of the fiscal year in April, we planned the growth of continuous revenue and built a cost -based in accordance with it, but since then, the growth of the UK has been a national shortage of delivery drivers and global supplements. Retailers have stated in a statement, under the continuous chain of chains, and the German online market has increased significantly.
“If you look in the second half, you will continue to see the issues of a specific category, especially a new product with little scales, experience, and leverage, and will continue to see the issues of a supply chain that means low availability. Inflation of the price is still difficult.
“As a result of these factors, the very important current peak trading period is much softer than expected just eight weeks ago.”
In the first half of the year, the group lost 10 million pounds before tax. This is compared to the previous 18 million pounds.
