15 April 2021 | 08:34am
StockMarketWire.com - The FTSE 100 opened stronger, extending its upward trajectory, led by a climb in miners following a jump in commodity prices.
At 0814, the benchmark FTSE 100 index was up 21 points, or 0.31%, at 6,961.57.
Rio Tinto, BHP and Anglo American were higher.
AO World rose 1.2% to 321p after the white goods online retailer said it expected to report annual adjusted profit in line with market expectations following a strong final quarter to the fiscal year.
For the year ended 31 March 2021, adjusted EBITDA, or profit before tax, depreciation, amortisation, net finance costs, and other adjusting items, is expected to be in the range £63 million to £72 million, up from £19.6 million and in line with market consensus of about £66 million.
15 April 2021 | 07:19am
StockMarketWire.com - White goods online retailer AO World said it expected to report annual adjusted profit in line with market expectations following a strong final quarter to the fiscal year.
For the year ended 31 March 2021, adjusted EBITDA, or profit before tax, depreciation, amortisation, net finance costs, and other adjusting items, is expected to be in the range £63 million to £72 million, up from £19.6 million and in line with market consensus of about £66 million.
Revenues increased by 62% to £1.66 billion, with momentum continuing in the fourth quarter.
AO.com, the company s UK website, increased year-on-year revenue by 88% in Q4, and AO.de, its German website, increased full year revenue by 77%.
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19 January 2021 | 07:47am
StockMarketWire.com - Online electrical retailer AO World reported a jump in revenue in the third quarter, as significant demand for its products and services continued to boost growth in the UK and Germany.
For the three months ended 31 December 2020, UK revenue jumped 67.2% to £457.3 million and Germany revenue was up 77.4% to €73.6 million.
AO World s German business was profitable throughout the quarter, as the company experienced its strongest ever peak trading period over the Black Friday period and in the run up to Christmas.
The company said it had incurred significantly higher costs as it negotiated some of the operational challenges of working in a Covid compliant environment, particularly in the reverse supply chain.