Online builders’ merchants CMO Group (LON: CMO) has had a tough time during 2022 and the share price fell by 83.5% to 28p. Revenues are growing, but profit is declining.
CMO was founded in 2008 and the core business was acquired in a management buyout in 2017. It is the UK’s largest online retailer of building materials and offers a wide range of products via websites selling specific products, such as roofing, drainage and insulation.
CMO benefited from higher DIY spending during Covid r...
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