AO World profits at ‘top end’ of guidance despite cost pressures

Online electricals retailer AO World has tumbled to an annual loss after being hit by rising costs and declining sales (Alamy/PA) -

AO World has said profits are on track to be at the “top end” of guidance as sales grew despite pressure on consumer finances and cost headwinds.

The white goods and electricals retailer told shareholders that total revenues are expected to have grown by around 11% over the year to March 31.