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4-Traders Homepage  >  Equities  >  London Stock Exchange  >  ASOS plc    ASC   GB0030927254

ASOS PLC (ASC)
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ASOS sees full-year sales growth at upper end of range

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07/13/2017 | 09:30am CEST
FILE PHOTO: A model walks on an in-house catwalk at the ASOS headquarters in London

LONDON (Reuters) - British online fashion retailer ASOS (>> ASOS plc) on Thursday forecast sales growth for the full 2016-17 year at the upper end of its 30-35 percent guided range, as it reported continued strong trading both in its home market and overseas.

LONDON (Reuters) - British online fashion retailer ASOS (>> ASOS plc) on Thursday forecast sales growth for the full 2016-17 year at the upper end of its 30-35 percent guided range, as it reported continued strong trading both in its home market and overseas.

Established in 2000 for fashion-conscious twenty-somethings, ASOS was an early e-commerce success story, but is seeing growing competition from the likes of British rival Boohoo (>> Boohoo.Com PLC) and Germany's Zalando (>> Zalando) as well as from traditional store-based chains who have invested heavily in their online offerings.

Shares in ASOS, which listed at 20 pence in 2001, have increased 30 percent over the last year, as the depreciation of sterling versus the U.S. dollar and euro post the Brexit vote has allowed the retailer to reduce prices and drive sales in its international markets.

The stock was down 1.5 percent at 5,721 pence at 0714, reflecting some disappointment the guidance on sales was not accompanied by a profit upgrade.

ASOS has a market capitalisation of 4.76 billion pounds - not far behind Marks & Spencer's (>> Marks & Spencer Group) 5.12 billion pounds.

ASOS said total retail sales rose 32 percent to 660.1 million pounds in the four months to June 30, with UK sales up 16 percent and international sales up 44 percent.

The retail gross margin was flat versus the prior year.

“Strong first half sales momentum has continued through the third period supported by our ongoing investment in our customer proposition and in price," Chief Executive Nick Beighton said.

ASOS said it expected full-year pretax profit to be in line with the market consensus of 79.4 million pounds, up from 63.7 million pounds in 2015-16.

(Reporting by James Davey; editing by Kate Holton and Jane Merriman)

Stocks treated in this article : ASOS plc, Marks & Spencer Group, Boohoo.Com PLC, Zalando
Stocks mentioned in the article
ChangeLast1st jan.
BOOHOO.COM PLC 1.46% 156.45 Delayed Quote.-18.20%
MARKS & SPENCER GROUP 1.21% 284 Delayed Quote.-10.86%
ZALANDO 0.53% 43.67 Delayed Quote.-1.53%
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Financials ( GBP)
Sales 2018 2 467 M
EBIT 2018 101 M
Net income 2018 81,7 M
Finance 2018 76,2 M
Yield 2018 -
P/E ratio 2018 62,82
P/E ratio 2019 51,08
EV / Sales 2018 2,04x
EV / Sales 2019 1,65x
Capitalization 5 108 M
Chart ASOS PLC
Duration : Period :
ASOS plc Technical Analysis Chart | ASC | GB0030927254 | 4-Traders
Technical analysis trends ASOS PLC
Short TermMid-TermLong Term
TrendsBearishNeutralNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 25
Average target price 72,2  GBP
Spread / Average Target 19%
EPS Revisions
Managers
NameTitle
Nicholas Timothy Beighton Chief Executive Officer & Executive Director
Brian McBride Non-Executive Chairman
Helen Jane Ashton Chief Financial Officer & Executive Director
Clifford Cohen Chief Information Officer
Nicholas Jon Robertson Non-Executive Director
Sector and Competitors
1st jan.Capitalization (M$)
ASOS PLC-9.61%7 105
INDITEX - INDUSTRIA DE DISEÑO TEXTIL-15.68%93 778
KERING9.67%66 870
FAST RETAILING CO LTD3.33%46 812
ROSS STORES-3.65%29 276
ZALANDO-1.53%13 235