REG - ASOS PLC - Update on impact of Russian invasion of Ukraine

ASOSAnnouncement

02/03/2022 18:30

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RNS Number : 4511D  ASOS PLC  02 March 2022

2 March 2022

 

 

ASOS Plc

 

Update on impact of the Russian invasion of Ukraine

 

 

ASOS is providing an update on the impact of the Russian invasion of Ukraine
on its business. ASOS' priority is the safety of its colleagues and partners
in the region. Immediately following the invasion, ASOS suspended sales in
Ukraine as it became impossible to serve customers there. Against the backdrop
of the continuing war, ASOS decided to suspend sales to Russia earlier today.
In FY21 Russia and Ukraine represented c.4% of Group revenue and
contributed approximately £20m to Group profit.

 

 

For further information:

 ASOS Plc                                                             Tel: 020 7756 1000

 Mathew Dunn, Chief Operating Officer & Chief Financial Officer

 Taryn Rosekilly, Director of Investor Relations

 Website: Home | ASOS plc (https://www.asosplc.com/)
 Headland Consultancy                                                 Tel: 020 3805 4822

 Susanna Voyle/Stephen Malthouse
 J.P. Morgan 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

 Michelle Wilson/Jen Clarke

 

 

Background note

 

ASOS is an online destination for fashion-loving 20-somethings around the
world. ASOS' vision is to be the go-to destination for such fashion-loving
20-somethings. Through ASOS' mobile app and web experience, customers can shop
a curated edit of approximately 90,000 products, sourced from nearly 900
global and local partner brands, alongside a mix of fashion-led in-house
labels including Topshop, Topman, Miss Selfridge, HIIT, ASOS DESIGN, ASOS
EDITION, ASOS 4505, Collusion and Reclaimed Vintage.

 

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