Profit warnings have been an autumn habit for online domestic appliances retailer AO World (LON:AO.).
The October profit warning led to a 2021-22 pre-tax profit forecast reduction from £31.6m to £11.8m and that was followed by a further warning which led to a forecast loss. This follows the move into profit in the year to March 2021 on the back of bumper lockdown demand.
The share price has declined by three-quarters since reaching its peak a year ago. There has been some recovery during December even though AO World has been jettisoned from the FTSE 250 index. Camelot Capital edged up ...
