O2O revenue up 2%
| 02 April, 2014
Office2Office registered a flat underlying profit before tax of £4.2m for 2013. Revenues increased to £231.9 million from £227.0 million the previous year. However, the UK reseller said it expects further challenges in the office supplies market.
Chairman Jim Cohen said : "Trading to date is satisfactory, it is in line with expectations and our operating costs are reducing. However, we are concerned that the office supplies market as a whole will not improve in 2014, so we remain of the view that underlying profit in 2014 is likely to fall short of 2013."
Office2Office added that its review of how best to re-model the company's logistics platform to fit changes in the office supplies market was almost complete.