AO World PLC (LSE:AO, Financial) is the leading online seller of major domestic appliances in the U.K. AO sets itself apart through its optimization of proprietary software and logistics and focus on customer service. Shares of AO recovered in the third quarter as the company reiterated its longer-term growth forecast. The company expects growth to reaccelerate in the latter half of the year, along with a continued ramp in German operations, a market that is twice as large as the U.K. market. (Ashim Mehra)
From Baron Funds' Baron International Growth Fund shareholder letter for third quarter 2015.
