CMO Group PLC (GB:CMO) has released an update.
CMO Group PLC, the UK’s largest online-only building materials retailer, faced a challenging market in 2023 with a significant 14% drop in revenue to £71.5m, attributed to adverse weather and economic pressures. Despite the tough conditions, the company’s SUPERSTORES gained market share, and 65% of orders came from repeat customers. The Group remains optimistic with signs of market improvement, a more efficient business post-strategic initiatives, and a focus on profitability and customer service.
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