REG - ASOS PLC - Notice of Results and Trading Update

AsosAnnouncement

21/03/2025 07:15

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RNS Number : 5766B  ASOS PLC  21 March 2025

21 March 2025

ASOS Plc ("the Company")

Global Online Fashion Destination

 

Notice of Results and Trading Update

 

 

ASOS plc, the destination for fashion-loving 20-somethings around the world,
will announce its H1 FY25 results on Thursday 24 April 2025.

As set out in its November update, the Company expects a significant
improvement in profitability in H1 FY25, despite continued volume deleverage,
following a strong gross margin development driven by lower markdown activity
and increased full-price mix, and continued cost discipline. In H1 FY25, the
Company expects revenue growth in line with, and adjusted EBITDA ahead of
consensus(1).

Encouragingly ASOS own brand full-price sales, a core engine of its customer
proposition, returned to growth in the first half. This was enabled by its
market-leading Test & React model, now more than 15% of own-brand sales
and growing, ensuring ASOS can offer the most exciting product and set the
trends for its fashion-loving customers.

 

Note:

(1)Company-compiled consensus for H1 FY25 as of 20 March 2025 based on nine
contributors: Total sales growth (CCY): (13%), Adjusted EBITDA: £34m,
Adjusted EBITDA margin: 2.6%.

 

For further information:

 ASOS
 plc
 Emily MacLeod, Head of Strategy & Investor Relations                                                                                                      Tel: 020 7756 1000

 Teneo
 Jonathan Sibun / Will Palfreyman                                                                                                                          Tel: 020 7353 4200

 

About ASOS

Founded in 2000, ASOS has 20m active customers in over 200 markets. We bring
fashion lovers around the world the best and most relevant fashion through our
unique own brands including ASOS DESIGN, ASOS EDITION, COLLUSION, Topshop, and
Topman, styled with the most exciting products from local and global partner
brands. With our expert in-house design team and agile and flexible commercial
model, including ASOS Fulfilment Services, Partner Fulfils, and Test &
React, we make the latest trends accessible to all and give customers the
confidence to be whoever they want to be.

 

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