AO World has hailed a record performance after its profits surged nearly 30% driven by cost-saving initiatives and strong growth of its membership scheme.
Adjusted pre-tax profits for the electricals specialist rose 27% to £44m for the year to 31 March, coming in at the top end of its £39m to £44m guidance.
This was driven by a 9% increase in group sales to £1.13bn and several cost-saving efficiencies, including the introduction of a new third-party warehousing solution in its distribution centre.
AO benefited from returning customers, which accounted for over 60% of orders during the year. It expects this trend to improve over time.
Category Archives: Retail suppliers
Italy’s Appliance Market Heats Up
At the APPLiA Italia Assembly, GfK unveiled fresh insights into Italy’s large household appliance market, and the numbers tell an interesting story. In the first quarter, the market saw a 2.4% rise in value and a notable 3.8% surge in volume—a clear sign that average prices are edging downward.
Currys staff cut
Currys plans to cut around 80 head office jobs to reduce costs, aiming for a 10% cut in its central cost base this year. This comes as the retailer faces a £30 million increase in its tax bill due to changes in National Insurance and Minimum Wage
BSH Home Appliances Unveils First Bosch and Siemens Brand Store in Kolkata India
BSH Home Appliances Pvt Ltd, a subsidiary of global premium home appliance leader BSH Hausgeräte GmbH, proudly announces the opening of its first Bosch and Siemens brand store in Kolkata. This milestone marks a significant step in BSH’s expansion strategy, strengthening its presence in East India and bringing world-class home solutions closer to consumers in the region.
Marks Electrical reports record sales
Marks Electrical reported record sales in its annual pre close trading update ahead of its full year results, as it experienced a “period of significant strategic change and progress”.
The appliance specialist, which saw its profit halve in November, pulled in full-year revenues of £117.2m for the 12 months ended 31 March, up 2.6% year-on-year
Currys Boosts Profit Forecast Amid Strong Sales Growth
Currys has raised its full-year profit expectations following a period of strong sales growth, fueling a surge in its share price.
Early trading saw shares jump more than 10 per cent after the company announced its updated forecast. Adjusted profit before tax is now projected to reach approximately £160m, surpassing the previously estimated range of £145m to £155m.
The retailer highlighted its in 2025, noting consistent like-for-like growth across the UK, Ireland, and the Nordics, further reinforcing its positive market momentum.
AO trust pilot rating
Electrical retailer AO.com recently reached an incredible trust pilot rating of 4.9 out of 5, from almost 750,000 reviews
Frasers Group raises AO World stake
Frasers Group has raised its stake in online electricals retailer AO World to 25.01%, up from 24.02%, according to a recent regulatory filing.
This move strengthens the Sports Direct owner’s position as the second-largest shareholder in the business, following the retailer’s positive trading update this week.
AO World raised its full-year profit forecast, with adjusted pre-tax profits expected to be between £39m and £44m for the year ending March 31, 2025
Fnac Darty closes the year with +1% and almost reaches 8 billion
Fnac Darty has made public its 2024 balance sheet, which consolidates Unieuro for the month of December alone . Net of Unieuro, sales increased by 1%, reaching almost 8 billion euros (7.93). Substantially stable in France (-0.3%), declining in Belgium and Luxembourg (-1.3) and increasing by 12% in Iberia thanks to the acquisition of the Portuguese stores of Mediamarkt. Online sales, which represent 22% of the turnover, grew by 2.2%.
More comforting are the data on margins: operating profit rose by 6% to 182 million, cash flow and EBITDA are improving as well as the financial position, so much so that the Board of Directors has proposed to shareholders a superdividend of 1 euro, more than double the one paid in 2023.
Media world financial results
The chain closed the fiscal year with revenues of 2.4 billion euros (2.5 in 2023) and a growing market share
MediaWorld, in the 2024 fiscal year (ended September 30, 2024), recorded a turnover in line with forecasts of 2.4 billion euros almost entirely generated by B2C sales, 2023 closed with a turnover of 2.5 billion euros. Going into detail, in the face of an overall market that saw a contraction in sales that stood at -3.6%, MediaWorld slightly increased its market share (+0.2%) on the physical channel. Considering the calendar year, furthermore, an even more significant performance is appreciated, with a share increasing by over half a point. As regards online sales, in the face of an Italian direct technological e-commerce market that marked a decrease, MediaWorld reversed the trend by closing the year in the green.
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