Edition:
United Kingdom

AO World PLC (AO.L)

AO.L on London Stock Exchange

107.60GBp
21 May 2019
Change (% chg)

3.60 (+3.46%)
Prev Close
104.00
Open
106.20
Day's High
108.00
Day's Low
103.80
Volume
50,927
Avg. Vol
533,578
52-wk High
180.00
52-wk Low
86.68

Latest Key Developments (Source: Significant Developments)

AO World sees 2019 core earnings at lower end of market expectations
Thursday, 4 Apr 2019 

April 4 (Reuters) - AO World PLC ::FULL YEAR PERFORMANCE FOR FY19 IS EXPECTED TO FALL WITHIN RANGE OF CURRENT MARKET FORECASTS.GROUP REVENUE IS EXPECTED TO BE C.£900M, WHICH REPRESENTS AN INCREASE OF C.13% YEAR ON YEAR (UP C.9% EXCLUDING MOBILE PHONES DIRECT LIMITED ("MPD"))..GROUP ADJUSTED EBITDA (EXCLUDING EXCEPTIONAL COSTS) IS EXPECTED TO BE AT LOWER END OF MARKET EXPECTATIONS.UK REVENUE FOR FY19 IS EXPECTED TO BE C.£748M, UP 9.8% YEAR ON YEAR (UP 5.4% EXCLUDING MPD).INTEGRATION OF MPD IS ON TRACK AND PROGRESSING TO PLAN.EUROPE REVENUE GROWTH IS EXPECTED TO BE 32.3% FOR YEAR IN LOCAL CURRENCY AT C.EUR 174M (32.1% IN GBP).AS PART OF OUR BREXIT CONTINGENCY PLANNING, DURING LAST QUARTER OF FY19 WE INCREASED OUR USUAL CORE FAST MOVING INVENTORY LEVELS BY C.£15M.  Full Article

AO World To Buy Mobile Phones Direct Ltd
Friday, 7 Dec 2018 

Dec 7 (Reuters) - AO World PLC ::AO WORLD PLC - ACQUISITION OF MOBILE PHONES DIRECT LTD.AO WORLD PLC - RECEIVED FINANCIAL CONDUCT AUTHORITY APPROVAL FOR CHANGE OF CONTROL OF MOBILE PHONES DIRECT LIMITED.AO WORLD - ANTICIPATES THAT COMPLETION OF MOBILE PHONES DIRECT ACQUISITION WILL OCCUR WITHIN NEXT TWO WEEKS.  Full Article

AO World Says Overall Group Revenue Was Up 16.6 Pct For Q3
Thursday, 11 Jan 2018 

Jan 11 (Reuters) - AO World Plc ::Q3 ‍REVENUE IN EUROPE BUSINESS HAS CONTINUED TO GROW STRONGLY - UP 58.4% YEAR ON YEAR, ON A CONSTANT CURRENCY BASIS​.Q3 UK BUSINESS CONTINUED TO GROW: OVERALL UK REVENUE INCREASED BY 11.4% AND AO.COM REVENUE INCREASED BY 11.2% YEAR ON YEAR​.‍OVERALL GROUP REVENUE WAS UP 16.6% FOR QUARTER, YEAR ON YEAR​.‍EXPECT GROUP'S PERFORMANCE FOR FULL YEAR TO FALL WITHIN RANGE OF ANALYSTS' EXPECTATIONS BUT REMAIN CAUTIOUS GIVEN UNCERTAIN UK ECONOMIC OUTLOOK​.  Full Article

PRESS DIGEST- British Business - April 5

April 5 The following are the top stories on the business pages of British newspapers. Reuters has not verified these stories and does not vouch for their accuracy.