ASOS Plc expects revenue growth to be in a range of 17-19 per cent for full year; stocks surge over 8%

  • Aug 12, 2020 BST
  • Team Kalkine
ASOS Plc expects revenue growth to be in a range of 17-19 per cent for full year; stocks surge over 8%

 

ASOS Plc (LON: ASC) has released a pre-close trading update.

  • The company, due to its focus on trading dynamically and managing the business rigorously, has continued to deliver strong operational performance and year-on-year improvements in profitability this financial year.
  • The company expects sales and profit for the full year to be considerably better than the market expectations. The revenue growth of the company is now expected to be in a range of 17-19 per cent with PBT in the region of £130 million to £150 million.
  • The company has gained better visibility on this pattern in customer behaviour as it has progressed through the returns cycle after the lockdown.
  • On 12August 2020, at the time of writing, GMT 08:45 AM, ASC shares were trading at GBX 4,543.00, up by 328.00 points or 8.25% against the previous day closing price.

 


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