Business
Trading Update and Timing of Results & AGM
Trading Update and Timing of Results & AGM.
About this update from Ao World Plc
[{"type":"text","content":"\n \n \n RNS Number : 5621M\n AO World plc\n 12 May 2020\n \n \n \n \n 12 May 2020\n \n \n AO WORLD PLC\n \n \n \n \n \n TRADING UPDATE AND CONFIRMATION OF TIMING FOR PRELIMINARY RESULTS AND AGM\n \n \n \n \n \n AO World plc (the \"Company\"), a leading European online electrical retailer, provides an update on trading and confirms the revised date for publication of its preliminary results for the 12 months ended 31 March 2020 (the \"Preliminary Results\").\n \n \n \n \n \n Our people and our customers \n \n \n \n \n \n During this operationally challenging period, the safety of our people and our customers has continued to be our top priority. As such, we have adapted the services we offer, invested to ensure social distancing and enhanced safety measures to protect our people in front line operational roles, whether in our warehouses or making deliveries. We have also equipped everyone who can work from home with what they need to do so and supported our people in front line operational roles. We continue to prioritise services to the most vulnerable members of society and donate essential products to those in need. \n \n \n \n \n \n We would like to thank our teams across the business for the culture they live and breathe every day; its value has shone through in the current extraordinary times. This is certainly a time when we are pleased to realise the value of our strong culture.\n \n \n \n \n \n Confirmation of timing of preliminary results and AGM\n \n \n \n \n \n Following FCA, FRC and PRA guidance on the timing and content of company reporting, the Company confirms that it expects to release its Preliminary Results on 14 July 2020 with the date of the Annual General Meeting expected to be 20 August 2020. The revised timing will allow a greater amount of clarity on the outlook for the current financial year at the time of the Preliminary Results, as well as permitting our team and auditors some extra flexibility as we adapt to new working practices.\n \n \n \n \n \n Financial Year ended March 20201\n \n \n \n \n \n The Company expects its headline financial results excluding operations in the Netherlands (which do not continue into FY21) for Revenue and Adjusted EBITDA (pre IFRS16) to fall within the range of analyst expectations1.\n \n \n &nb...