UK's AO World expects annual profit at top end of forecast range (updated)
10/04/2026 07:20
Adds background and details from paragraph 2 April 10 (Reuters) - British electronics retailer AO World AO.L said on Friday it expected annual profit at the top end of its forecast range, after gaining market share across all key categories in its consumer‑focused business. AO, which sells products such as tumble dryers and televisions, has been expanding its product range and benefiting from demand driven by its discounted membership model, which is expected to have lifted total revenue growth to about 11% in the 12 months to March 31. The company now expects adjusted profit before tax for the fiscal year to be at the top end of its forecast range of 45 million pounds to 50 million pounds ($60.38 million to $67.08 million). ($1 = 0.7453 pounds) (Reporting by Raechel Thankam Job in Bengaluru; Editing by Subhranshu Sahu and Mrigank Dhaniwala) ((RaechelThankam.Job@thomsonreuters.com;))