Update on impact of Russian invasion of Ukraine

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: [phone]
Headland Consultancy Susanna Voyle/Stephen Malthouse	Tel: [phone]
J.P. Morgan Cazenove Bill Hutchings/Will Vanderspar	Tel: [phone]
Numis Securities Alex Ham/ Jonathan Wilcox/Tom Jacob	Tel: [phone]
Berenberg Michelle Wilson/Jen Clarke	Tel: [phone]

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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