Online & Digital

AO swings to £37m loss in FY amid rising costs

Group EBITDA plummeted 87% to £8.5m over the period, attributed to increased staff costs and higher marketing and logistics costs across the group

AO has fallen to a pre-tax loss of £37m in the full-year ended 31 March 2022, down from a profit of £20m the prior year, as the electrical retailer contended with rising costs and warned of “more volatility” to come.

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