The latest from the boardroom

Interim results for the six months ended 28 February 2022

"ASOS has delivered an encouraging trading performance, against the continuing backdrop of significant volatility and disruption. The team has acted with determination and pace and is making good early progress on the strategic plan for the next phase of growth, as set out at our CMD last year. While much remains to be done, we have a clear plan for each of the three key pillars – our platform, consumer offer, and international expansion – and are already seeing positive signs of progress across the business. We’re confident of the benefits these efforts will create and our continued ability to deliver.

“We’ve entered the second half of the year well placed, and believe that our stock position, with increased product availability and newness, will stand us in good stead. We remain mindful of the potential impact on demand from the growing pressures on consumer spend and will continue to be responsive to any changes in market conditions as we progress the work started in the first half to deliver on our ambitions.”

Performance for the six months ended 28 February 2022

Revenue

£2,004.1m

(+4%1)

HY 2021: £1,975.9m

Gross margin

43.1%

(-190bps)

HY 2021: 45.0%

Adjusted EBIT2

£26.2m

(-77%)

HY 2021: £116.2m

Adjusted EBIT margin2

1.3%

(-460bps)

HY 2021: 5.9%

Adjusted Profit before Tax2

£14.8m

(-87%)

HY 2021: £112.9m

Diluted EPS

(13.5p)

(-117%)

HY 2021: 81.9p

1 On a constant currency basis
2 Excluding adjusting items totalling £30.6m


Share price (LSE: ASOS)

Share information

Regulatory news

Regulatory news

Investor information


Latest reports & presentations

12/04/2022

Interim results for the six months ended 28 February 2022

13/01/2022

Trading Statement for the four months ended 31 December 2021

Results centre