TIDMASC

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 GBP3,538m; 

- H2 adjusted EBIT of more than GBP38m, resulting in full year adjusted EBIT loss of no more than GBP31m;

   -      Inventory reduction of c.30% year-on-year; and 
   -      Cash and undrawn facilities as at 3 September 2023 totalling GBP428m. 

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 plc                                             Tel: 020 7756 
                                                       1000 
 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: 0 20 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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END

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