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

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Asos : warehouse fire destroys stock worth 6.25 million pounds

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05/16/2017 | 02:04pm CEST
New employees wait in the lobby on their first day of work at the ASOS headquarters in London

British online fashion retailer Asos Plc said on Tuesday a fire at its warehouse outside Berlin destroyed stock worth about 6.25 million pounds.

The company's Eurohub 2 distribution centre had about 7 million items in stock when the fire broke out at 3 a.m. local time on Tuesday. Two million items were present in the chamber damaged by the fire.

Asos was fully insured for the loss of stock and any subsequent business interruption, the company said.

The online retailer has been hit by fire accidents before as well. Its main distribution centre in the UK at Barnsley caught fire in 2014, causing 30 million pounds worth of damage. The Buncefield fuel depot explosion in 2005 had also destroyed one of its warehouses.

(Reporting by Sanjeeban Sarkar in Bengaluru; Editing by Martina D'Couto)

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Financials ( GBP)
Sales 2017 1 936 M
EBIT 2017 78,6 M
Net income 2017 63,4 M
Finance 2017 134 M
Yield 2017 -
P/E ratio 2017 84,93
P/E ratio 2018 65,84
EV / Sales 2017 2,69x
EV / Sales 2018 2,17x
Capitalization 5 335 M
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Mean consensus OUTPERFORM
Number of Analysts 25
Average target price 59,9  GBP
Spread / Average Target -6,3%
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NameTitle
Nicholas Timothy Beighton Chief Executive Officer & Director
Brian McBride Chairman
Helen Jane Ashton Chief Financial Officer & Director
Clifford Cohen Chief Information Officer
Nicholas Jon Robertson Non-Executive Director
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