Skip to content

Three Quick Facts: AO, Hays and 888


Three things you need to know in the financial markets today from investment writer, Tony Cross.

#1. AO World trading update shows margin improvement

There’s a trading update out from white goods retailer AO World LON:AO., noting that the company continues to see good traction from initiatives to reduce cost and improve margins. Estimated revenues for the full year are now set to be as forecast at £1.13bn, management have confidence that the mid-term EBITDA target of 5% can be met and that further margin improvements can be found, too.

#2. Hays: GBP weakness provides valuable tailwind

There’s a Q3 trading update out from recruiter Hays LON:HAS noting a further 5% growth in fees, with this biased towards temporary staff and the German division performing exceptionally well. That made for a record revenue performance despite macroeconomic headwinds, with a weakening GBP providing further tailwinds. H2 numbers are tipped to be marginally ahead of the H1 equivalent.

#3. 888 Holdings full year revenues flattered by William Hill acquisition

888 Holdings LON:888 has published full year results today, along with Q1 FY 23 numbers. Both are in line with expectations and the outlook remains unchanged, with full year revenues – up 74% – flattered by the acquisition of William Hill. Expectations are for revenues to decline in the current FY although EBITDA is set to be significantly higher, with the board confident that headline metrics will be delivered out to 2025.

Looking for great investing ideas? Sign up to our free newsletter.

This article does not constitute investment advice. Make sure you do your own research or consult a professional advisor.

'How to' Guides

Our latest in-depth company reports

Detailed reviews of selected companies and investment trusts.

On the podcast

Sign up for great investing stock tips

Thanks to our Site Partners

Our partners are established, regulated businesses and we are grateful for their support.

CME Group
FP Markets
Back To Top