AO narrows losses amid 'renewed' strategic mindset

AO_John_Roberts__1_

AO.com has narrowed its full-year losses off the back of strong sales growth across its UK and European markets.

The online electricals business booked an adjusted EBITDA loss of £400,000 in the year to March 31, down from £3.4m the previous year.

The group’s operating loss also narrowed to £15.2m from £16.2m in 2017/18.

AO attributed the improvement in its bottom line to growth in its core UK market, where adjusted EBITDA spiked 20.9% to £27.4m, buoyed by the acquisition of Mobile Phones Direct (MPD).

Subscription content

Please sign in now if you have a subscription or are already registered with us.

Retail Week

Register for free to continue reading

Retail-Week.com provides premium, in-depth intelligence that helps retailers judge risks, spot opportunities and identify what they need to do to win in the digital economy.

Register today for a taste of our high-quality intelligence and enjoy:

  • 3 free articles a month on Retail-Week.com
  • Detailed analysis of current trends and events 
  • Exclusive newsletters
  • In-depth reports, videos, interviews and much more

Discover Retail Week register now

Please note, if you have recently purchased a subscription, it may take a few minutes before your account is updated.