Company Announcements

Update on impact of Russian invasion of Ukraine

Source: RNS
RNS Number : 4511D
ASOS PLC
02 March 2022
 

2 March 2022

 

 

ASOS Plc

 

Update on impact of the Russian invasion of Ukraine

 

 

ASOS is providing an update on the impact of the Russian invasion of Ukraine on its business. ASOS' priority is the safety of its colleagues and partners in the region. Immediately following the invasion, ASOS suspended sales in Ukraine as it became impossible to serve customers there. Against the backdrop of the continuing war, ASOS decided to suspend sales to Russia earlier today. In FY21 Russia and Ukraine represented c.4% of Group revenue and contributed approximately £20m to Group profit.

 

 

For further information: 

ASOS Plc

Mathew Dunn, Chief Operating Officer & Chief Financial Officer

Taryn Rosekilly, Director of Investor Relations

Website: Home | ASOS plc

Tel: 020 7756 1000

Headland Consultancy

Susanna Voyle/Stephen Malthouse

Tel: 020 3805 4822

J.P. Morgan Cazenove

Bill Hutchings/Will Vanderspar

 

Tel: 020 7742 4000

Numis Securities

Alex Ham/Jonathan Wilcox/Tom Jacob

Tel: 020 7260 1000

Berenberg

Michelle Wilson/Jen Clarke

Tel: 020 3207 7800

 

 

Background note

 

ASOS is an online destination for fashion-loving 20-somethings around the world. ASOS' vision is to be the go-to destination for such fashion-loving 20-somethings. Through ASOS' mobile app and web experience, customers can shop a curated edit of approximately 90,000 products, sourced from nearly 900 global and local partner brands, alongside a mix of fashion-led in-house labels including Topshop, Topman, Miss Selfridge, HIIT, ASOS DESIGN, ASOS EDITION, ASOS 4505, Collusion and Reclaimed Vintage.

 

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