AO World (AO.L) reported that its fiscal 2024 profit before tax increased to 34.3 million pounds from 7.6 million pounds, last year. Earnings per share from continuing operations was 4.14 pence compared to 1.10 pence. Adjusted profit before tax increased to 34.3 million pounds from 12.0 million pounds. For the financial year ended 31 March 2024, revenue was 1.04 billion pounds, down 9% from previous year.
Looking forward, the Group expects to deliver on its ambition for double digit revenue growth in fiscal 2025 alongside adjusted profit before tax of 36 million pounds to 41 million pounds. The Group reiterated medium-term guidance of adjusted profit before tax margin of 5%, double digit growth and EPS growing faster than revenue.
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