AO adjusted PBT hits £34.3m in bumper FY24

Revenues were ‘as expected’ following AO’s decision to remove non-core channels and loss-making sales, which it predicts will return the business to growth in Q4

Electrical retailer AO World has reported that adjusted profits before tax reached £34.3m in the year to 31 March, spelling a year-on-year rise of £22.3m with a PBT margin of 3.3%. 

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