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AO World PLC (AO.L)

AO.L on London Stock Exchange

24 May 2017
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Latest Key Developments (Source: Significant Developments)

AO World raises 50 mln stg through placing
Thursday, 30 Mar 2017 02:44am EDT 

AO World Plc : Results of placing announced earlier today . Placing of total of 37.7 million new ordinary shares of 0.25 pence each in co, representing approximately 9.0 percent . Shares placed at a price of 132.5 pence per placing share raising proceeds of 50 mln stg, subject to completion .Expected that admission will take place at 8.00 am on April 3, at which time dealings in placing shares will commence.  Full Article

AO World placing to raise up to 50 mln stg
Thursday, 30 Mar 2017 02:12am EDT 

Ao World :Announces a placing to raise up to £50 million, through issue of up to 42,063,157 new ordinary shares in company.  Full Article

AO World tightens full year earnings guidance, cautious outlook
Thursday, 30 Mar 2017 02:06am EDT 

Ao World Plc : Full year trading for FY 2017 is expected to be in line with our range of expectations . Group revenue expected to be c.£700m, up c.17% year-on-year . Existing adjusted EBITDA guidance range is tightened to £-2.4 to £0m . Group cash as at 31 March 2017 is expected to be at least £27m . Board broadly expects patterns of trading seen in second half of FY 2017 to continue into year ahead . Board continues to be cautious given uncertain UK economic outlook, currency impacts on supplier pricing and possible effect on consumer demand . In our Europe business, we are on track to achieve a positive adjusted EBITDA run-rate and revenue run-rate of c.eur 250m by FY 2021 . We expect limited further capex to realise plans in existing territories .Has today separately announced a placing of up to 9.99% of its share capital.  Full Article

AO World names Steve Caunce as CEO
Wednesday, 22 Feb 2017 11:36am EST 

AO World Plc : Steve Caunce to succeed John Roberts as ceo . Steve Caunce, chief operating officer, will succeed John Roberts as chief executive officer . John Roberts will transition to a new role on board as founder, executive director. .Steve will lead company as ceo, accountable for strategy and performance delivery.  Full Article

AO World says no dip in sales since Brexit vote
Thursday, 21 Jul 2016 02:51am EDT 

Ao World : CEO says no material sales impact since Brexit vote on June 23 Further company coverage: (London Newsroom) ((UK.online@Reuters.com; +44 (0)20 7542 7717;)).  Full Article

AO World full-year operating loss widens to 10.6 mln stg
Wednesday, 8 Jun 2016 02:09am EDT 

Ao World Plc : Trading in current financial year has started well. . In UK we expect adjusted ebitda to be slightly ahead of current consensus, in range of £21m - £25m . Expect european revenue to be in range of eur 90m - eur 110m and adjusted ebitda losses to be between eur 26m and eur 30m for year . Board remains confident in long-term prospects of group . Group operating loss of £10.6m (2015: £2.2m) as previously guided . Uk adjusted ebitda 5 of £17.2m (2015: £16.5m), with uk adjusted ebitda margin 6 of 3.1% (2015: 3.5%) due to investment in marketing . Europe adjusted ebitda losses of £21.1m (2015: £8.0m) .Fy revenue rose 25.7 percent to 599.2 million stg.  Full Article

AO World plc announces directorate change
Friday, 31 Jul 2015 02:01am EDT 

AO World plc:Announces the appointment of Mark Higgins as its Chief financial officer and as an executive director of the company with effect from Aug. 1.Says Steve Caunce, who has held the combined role of chief operating officer and chief financial officer, will remain on the board as chief operating officer.  Full Article

More From Around the Web

AO World raises capital as a buffer against tough markets

LONDON, March 30 Online retailer AO World raised 50 million pounds ($62 million) on Thursday to underpin its balance sheet as it navigates an uncertain outlook in Britain, its biggest market, and the impact of the lower pound on supplier prices.