AO World shares crash amid worries over electrics retailer’s financial strength after insurer cuts cover July 4, 2022 Shares of online electricals retailer AO World are diving today amid worries over its financial strength after it was reported that a credit insurer has cut cover for the firm’s suppliers. The group saw shares fall by more than 18 per cent at one stage in morning trading today following the Sunday Times report revealing [...]
London markets whacked by AO World tumbling on supply chain profit hit November 23, 2021 Supply chain snarl ups and soaring costs have whacked AO World’s profits, sending the online electricals retailer’s shares tumbling, dragging the mid-cap FTSE 250 down with it this morning. In the first hour of trading, London markets plunged into the red, with the capital’s premier FTSE 100 index dropping 0.59 per cent to 7,212.35 points, [...]
AO World shares plummet 17 per cent as EBITDA dips October 1, 2021 Leading online electrical retailer AO World has seen its share price plummet after publishing lukewarm post close trade results. AO World’s share price slipped by 17.57 per cent compared to yesterday’s close price with shares trading at 179.2p after the company revealed that supply chain disruption had affected intake in the first half of the [...]
AO World shares dive 24 per cent amid driver shortage and supply chain problems November 23, 2021 Shares in AO World plunged this morning after the company swung to a loss of £11m, as a shortage of drivers and global supply chain issues stalled growth in the UK.
Lockdown tech and shift to online lifts AO World’s revenues and profits July 1, 2021 The surge of online shopping amid the pandemic pushed revenues at online electrical retailer AO World to surge 59 per cent, the retailer said in a statement this morning. The switch to online helped AO wire in around £1.4bn in UK revenue in the year to 31 March, while revenue across the group entirely lifted [...]
AO World bullish as UK sales surge 88 per cent and German business thrives April 15, 2021 Online electricals retailer AO World expects to deliver bumper profits over the year ahead despite the reopening of high street rivals as it revealed an 88 per cent surge in UK sales. The impressive performance over its final quarter helped group revenues jump by 62 per cent, to £1.66bn in the year to 31 March. [...]
AO World revenue surges on demand for electrical goods over Christmas January 19, 2021 AO World reported significant revenue growth in the third quarter after strong demand for electrical goods in the run-up to Christmas. The online electrical retailer reported UK revenue growth of 67.2 per cent to £457.3m, while German sales jumped 77.4 per cent to €73.6m. The company, which sells washing machines, fridges, TVs and laptops, has [...]
AO World shares jump as pandemic drives online sales surge October 15, 2020 Shares in AO World jumped this morning after the electronics retailer said sales had jumped by more than a half over the last six months. The white goods group said it expected revenue to hit £715m in the half-year to the end of September, up 57 per cent on the same period last year. Sales [...]
AO World swings to profit as working from home boosts revenue more than 50 per cent November 24, 2020 Online electricals retailer AO World swung to profit in the six months to September, as a surge in domestic appliance sales during the pandemic helped revenue rocket more than 50 per cent. The company, which sells washing machines, fridges, TVs and laptops, said sales in the six months to 30 September jumped 53.2 per cent [...]
AO World revenue surges as customers continue online shopping post-lockdown August 20, 2020 Online electrical retailer AO World said today its revenue surged in the months during and after the easing of coronavirus lockdowns as demand for its products and services was sustained even after its rivals reopened stores in July. The company said year-on-year revenue in the UK jumped 58.9 per cent to £401.3m and 91.5 per [...]