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AO World raises profit outlook to £45-50M and announces first share buyback amid revenue growth.
Online electrical retailer AO World has boosted its annual profit outlook, now expecting full-year profits of £45 million to £50 million, up from £40 million to £50 million.
The company also announced its first-ever share buyback of up to £10 million, with group revenues for the six months to September 30 expected to rise by 13% and retail revenues by 11%.
AO World plans to cut costs using artificial intelligence and offshoring work.
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AO World eleva las perspectivas de ganancias a £45-50M y anuncia la primera recompra de acciones en medio del crecimiento de los ingresos.