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Evening Standard

National

Holly Williams

AO World boosts earnings outlook as sales jump

AO World AO

Online electricals retailer AO World has revealed that annual profits almost trebled despite falling sales and said it remains on track to bounce back with double-digit revenue growth over the year ahead (AO Wolrd/PA) -

Online electricals firm AO World has upped its annual profit outlook and unveiled plans to boost investor returns with its first-ever shares buyback.

The retailer said group revenues are expected to be 13% higher for the six months to September 30, with retail revenues set to rise by 11%.

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