ASOS – sell side consensus forecast

Please note our company complied consensus below pre dates our interim FY23 results  released on 10th May 2023

  FY23   FY24   FY25
  Consensus  Minimum Maximum   Consensus  Minimum Maximum   Consensus  Minimum Maximum
Total sales growth 0.2% (2.3%) 3.3%   7.5% 4.1% 11.0%   7.9% 4.6% 12.7%
Adjusted EBIT £m* £45m £17m £76m   £84m £42m £111m   £117m £62m £146m
Adjusted EBIT %* 1.1% 0.4% 1.9%   2.0% 1.0% 2.6%   2.6% 1.3% 3.3%
Adjusted PBT* £19m (£5m) £36m   £61m £16m £84m   £93m £19m £123m
Capex** £182m £166m £200m   £189m £159m £230m   £193m £154m £250m
Net Cash/(Net Debt) (£227m) (£292m) (£151m)   (£198m) (£263m) (£113m)   (£155m) (£322m) (£1m)

Reflecting 21 contributors who have updated their model since our P1 results announcement on 12th January. Last updated: 16th February 2023.

*The adjusted figures above include only the models that are based on the below definitions: 

- Adjusted EBIT: Reported profit before tax, interest and adjusting items (see below)
- Adjusted EBIT Margin: Reported profit before tax, interest and adjusting items (see below), over sales 
- Adjusted PBT: Reported profit before tax and adjusting items (see below)
Adjusting items for FY23 were disclosed on slide 24 of the FY22 results presentation, which is available here 

**Capex is excluding any IFRS16 capitalised leases.

Please note that any opinions, estimates or forecasts regarding ASOS' performance made by analysts are theirs alone and do not represent opinions, forecasts or predictions of ASOS or its management. ASOS does not by its reference above or distribution imply its endorsement of or concurrence with such information, conclusions or recommendations. ASOS has not commented on or verified any individual opinions, estimates or forecasts, nor does it intend to do so in the future, and ASOS shall not be liable for any errors in the content of the analysts’ research material, or for any action taken in reliance thereon.  Furthermore, ASOS may at any time be in possession of information that may affect analysts’ opinions, estimates or forecasts and ASOS has not commented upon, reviewed or updated, and is under no obligation to comment upon, review or update, their research.