REG - ASOS PLC - Notice of Full Year Results and Strategy Update

ASOSAnnouncement

24/10/2023 15:45

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RNS Number : 1494R  ASOS PLC  24 October 2023

24 October 2023

 

ASOS plc

("ASOS" or the "Company")

Notice of Full Year Results and Strategy Update

 

ASOS, the destination for fashion-loving 20-somethings around the world, will
now announce its FY23 results on Wednesday 1 November 2023, one week later
than previously announced. The short delay is to allow its auditor, PwC, to
complete its planned testing. PwC has assured the Board that the outstanding
procedures are limited in nature.

 

The performance for the period to 3 September 2023 is in-line with that
reported at the post-close trading update on 26 September 2023, including:

-      Full year adjusted group revenue of £3,538m;

-      H2 adjusted EBIT of more than £38m, resulting in full year
adjusted EBIT loss of no more than £31m;

-      Inventory reduction of c.30% year-on-year; and

-      Cash and undrawn facilities as at 3 September 2023 totalling
£428m.

 

The analyst presentation for the FY23 results will be held at 9:30am on 1
November 2023 at ASOS HQ, Greater London House, NW1 7FB. This will include a
strategy update hosted by CEO, José Antonio Ramos Calamonte, and will feature
a series of short presentations from some of the ASOS senior management team
who will provide a broader update on the medium-term outlook. For those
unable to attend in person a live webcast will be available, and a recording
of the presentation will be uploaded to the ASOS investor relations website
afterwards.

 

      For further information:

 ASOS                                                                                                                                                      Tel: 020 7756 1000
 plc
 José Antonio Ramos Calamonte, Chief Executive Officer

 Sean Glithero, Interim Chief Financial Officer

 Michelle Wilson, Senior Director of Strategy & Corporate Development

 Holly Cassell, Head of Investor Relations

 Website: www.asosplc.com/investors

 Teneo                                                                                                                                                     Tel: 020 7353 4200
 Jonathan Sibun / Will Palfreyman

 JPMorgan Cazenove                                                                                                                                         Tel: 020 7742 4000
 Bill Hutchings / Will Vanderspar

 Numis Securities                                                                                                                                          Tel: 020 7260 1000
 Alex Ham / Jonathan Wilcox / Tom Jacob

 Berenberg

                                                                                                                                                           Tel: 020 3207 7800
 Matthew Armitt / Richard Bootle / Marie Moy

 

Background note

ASOS is a destination for fashion-loving 20-somethings around the world, with
a purpose to give its customers the confidence to be whoever they want to be.
Through its app and mobile/desktop web experience, available in nine languages
and in over 200 markets, ASOS customers can shop a curated edit of nearly
50,000 products, sourced from nearly 900 global and local third-party brands
alongside a mix of fashion-led own-brand labels - ASOS Design, ASOS Edition,
ASOS 4505, Collusion, Reclaimed Vintage, Topshop, Topman, Miss Selfridge and
HIIT. ASOS aims to give all of its customers a truly frictionless experience,
with an ever-greater number of different payment methods and hundreds of local
deliveries and return options, including Next-Day Delivery and Same-Day
Delivery, dispatched from state-of-the-art fulfilment centres in the UK, US
and Germany.

 

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