Electricals retailer AO World has warned that underlying earnings for the full-year are set to come in at the lower end of market expectations as it revealed £15 million of Brexit stockpiling. Electricals retailer AO World has warned that underlying earnings for the full-year are set to come in at the lower end of market expectations as it revealed £15 million of Brexit stockpiling. AO chief executive John Roberts (AP/PA)It had been forecast to report underlying earnings ranging between a loss of £400,000 to a profit of £2 million. It followed half-year results showing AO World suffered an £11.7 million operating loss for the six months to September 30. FTSE 250-listed AO World, which has its headquarters in Bolton, operates across the UK, Germany and the Netherlands.

Source: Irish Independent April 04, 2019 06:56 UTC