AO World has provided a pre-close update for the year ending March 31st, 2024, with estimated 12-month revenues expected to be c.£1.04bn. It expects its adjusted profit before tax to be at the top of the previously guided range of £28m-£33m.
John Roberts, CEO and founder, commented: “I’m pleased with the clear progress that we’re making after pivoting our focus to profit and cash generation during the 2023 financial year. As we expected at our half-year results, we returned to revenue growth in our core business during Q4, and, as a result, we’re entering the new financial year with good momentum.”
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