AO raises profit guidance again as it recovers from struggling market

AO van

AO has issued a trading update that shows increased profit guidance ahead of the release of its full-year results in July.

The online electrical retailer reported a 17.2% decline in sales in its third quarter but recently increased its adjusted EBITDA in the range of £37.5m to £45m.

AO has now updated its guidance to “around the top end” after seeing positive movement from its strategy to reduce costs and improve margins.

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