ASC.GB Asos plc

TIDMASC

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 GBP20m to Group profit.

For further information:

 
 ASOS Plc                                 Tel: 020 7756 1000 
  Mathew Dunn, Chief Operating Officer 
  & Chief Financial Officer 
  Taryn Rosekilly, Director of Investor 
  Relations 
  Website: Home | ASOS plc 
 Headland Consultancy                     Tel: 020 3805 4822 
  Susanna Voyle/Stephen Malthouse 
 J.P. Morgan Cazenove                     Tel: 020 7742 4000 
  Bill Hutchings/Will Vanderspar 
 Numis Securities                         Tel: 020 7260 1000 
  Alex Ham/ Jonathan Wilcox/Tom Jacob 
 Berenberg                                Tel: 020 3207 7800 
  Michelle Wilson/Jen Clarke 
 

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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March 02, 2022 13:24 ET (18:24 GMT)

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