Ao.com has confirmed that it finished its year to March 31 in line with market expectations with unaudited sales growth of 40%.

The electricals etailer’s adjusted EBITDA is in line with market forecasts.

Ao.com floated with a hefty valuation of £1.2bn earlier this year. After an initial surge in its share price to 380p it has now dropped to 280p, which gives it a market capitalisation of £1.18bn.

Ao.com will reveal its full year results on June 5.

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