For the year ending 31 March, AO expects its adjusted pre-tax profit to be "at least" at the top of the previously guided range of £28 million to £33 million. This announcement comes as the electrical retailer returned to sales growth in its final quarter. Full-year sales are expected to reach £1.04 billion.

AO's chief executive, John Roberts, said: "With net funds on our balance sheet and a clear plan, we remain confident in our ability to deliver on our ambition for 10% to 20% revenue growth in the year ahead and medium-term profit guidance of a 5% adjusted profit before tax margin."