AO World only worth half says city analyst February 12, 2015 SHARES in John Roberts’ AO World tumbled five per cent to 307.7p yesterday after a City analyst warned that the online electricals giant’s stock was worth 152p – half of its market price before last night’s close. Panmure Gordon’s Mike Stewart said the company was overvalued and urged investors “to capitalise on the unjustified level” [...]
Shares jump higher at AO World January 12, 2015 SHARES in AO World rallied yesterday after the online white goods company reported a surge in third quarter sales, thanks in part to the success of Black Friday weekend. The so-called e-tailer, which sells kitchen appliances and televisions online from its warehouse in Crewe, said revenue from its website jumped 38 per cent three months [...]
AO World share price jumps as revenues rise on Black Friday bonanza January 12, 2015 The figures It was less a case of "Black Friday", more a case of "white goods Friday" for recently-listed AO World. Shares in the online washing machine/fridge/dishwasher retailer rose more than five per cent in early trading this morning, after it reported third quarter revenues from its website were up 38 per cent in the three [...]
AO World eyeing Europe for new growth markets November 25, 2014 ONLINE white goods retailer AO World is eyeing up Belgium and the Netherlands after building out its infrastructure in Germany faster and cheaper than expected. The group yesterday reported half-year revenues that jumped 25 per cent to £217.1m during the six months to 30 September, while profits fell to £779,000, from £2.14m during the same [...]
AO World revenue rises 25 per cent on improved website sales November 25, 2014 Online white goods retailer AO World said total revenue rose 25.1 per cent to £384.9m in the six months to September 30. The retailer, which launched its IPO in February, said website sales increase by 38.6 per cent during this period to £173.7m. This was offset slightly by third-party website sales, which fell 11 per cent, [...]
AO World trumps expectations with first annual results as a listed company June 5, 2014 In its first set of full-year results as a listed company, AO World has reported that revenues jumped 40 per cent to £384.9m over the 12 months. Analysts Numis this morning called the results “solid”, reiterating its positive outlook and buy recommendation for shares. Earnings before interest, tax, depreciation and amortisation came in slightly above [...]