AO likely to face pressure of clarifying cashflow position
It faced a cut in credit cover by Atradius, the credit insurance division of Grupo Catalana Occidente
AO recently issued its third profit warning in three months at the end of April.
AO likely to face pressure of clarifying cashflow position
It faced a cut in credit cover by Atradius, the credit insurance division of Grupo Catalana Occidente
AO recently issued its third profit warning in three months at the end of April.
AO.com has posted a fall in sales and said it would focus on cash generation in turbulent market conditions.
AO reported that its core UK business had been “resilient” amid a tough trading environment, while its German division suffered.