Margins the key for ASOS future

ASOS shares rise on recovery signs

Online fashion retailer ASOS (LON:ASC) has performed strongly this year. The past problems appear to be behind the retailer and the 2019-20 results will be published on Wednesday 14 October. Sales are growing and costs have been rebased so ASOS should be on course for an even better year to August 2021.

Pre-tax profit is expected to have bounced back from £33.1m to £140.8m in the year to August 2020. This is on the back of revenues growing by more than 17%. Net debt is estimat4ed at £79m.


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Andrew Hore is the publisher of AIM Journal, which is an online monthly publication covering the Alternative Investment Market.