AO World forecasts annual profit at top end of range

AO World expects annual profit at the top end of its 50 million pound forecast. Revenue grew 11 percent as the retailer gained more market share this year.

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The British electronics retailer AO WORLD PLC has announced that its annual profit for the fiscal year is expected to reach the upper limit of its previous guidance range. Operating primarily in the United Kingdom, the company has seen significant market share gains across all its key consumer-focused business categories.

A delivery vehicle is stationed at the AO distribution hub in Crewe, Cheshire, during late 2020. REUTERS/Carl Recine
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