Asos Plc news and archive

Asos strengthens balance sheet with new five-year loan facility

Asos today announced the successful refinancing of its asset backed loan facility into a secured term loan and delayed draw term loan (DDTL) with a new syndicate of private lenders. The refinancing delivers materially improved financial terms, providing 87.5 million pounds in additional liquidity headroom, enhanced flexibility over an extended...

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Management

Asos loss widens, expects sales to decline in FY24

Asos reported an adjusted loss before tax of 70.3 million pounds for the year to September 3, 2023, while reported loss before tax was 296.7 million pounds. Sales for the year declined by 11 percent or 10 percent on a reported basis to 3,538 million pounds, with the decline accelerating to 15 percent or 12 percent on a reported basis in the...

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Asos delays full year results by a week

UK’s online fashion retailer Asos will now announce its FY23 results on Wednesday November 1, 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 company said in a statement. The...

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Management

Asos reports strong sales momentum across holiday season

For the four months to December 31, 2020 Asos Plc said, group sales were up 23 percent to 1,364.1 million pounds, supported by investment into capturing available demand and building customer momentum. Gross margin in the period was negative 90bps reflecting continued ‘lockdown’ category product mix, investment into customer acquisition and...