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AO World Finishes Year In Line With Expectations

10th Apr 2014 08:49

LONDON (Alliance News) - Online domestic appliances retailer AO World PLC Thursday said it finished the financial year to March 31 in line with market expectations, with revenue growth of around 40%.

The online retailer, which listed on the London Stock Exchange at the end of February, with an initial market value of around GBP1.2 billion, said its adjusted earnings before interest, taxes, depreciation and amortisation for the year, is expected to be in line with market forecasts.

The company said it will announce it full-year results on June 5.

AO World shares were up 0.9% at 285.00 pence per share Thursday morning.

By Rowena Harris-Doughty; [email protected]; @rharrisdoughty

Copyright © 2014 Alliance News Limited. All Rights Reserved.


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