The cost inflation and higher discounted activity along with the industry-wide supply challenges since last winter have negatively affected Asos’ profitability during the first half.
Although the stock position for H2 has significantly enhanced, the group warned that the higher risk from inflationary pressure and the suspension of activity in Russia may weigh on the FY22 performance.
So far, the group has maintained its FY22 guidance.
12 Apr 2022
Guidance maintained despite the inflationary pressure
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Guidance maintained despite the inflationary pressure
ASOS plc (ASC:LON) | 382 31.7 2.2% | Mkt Cap: 456.4m
- Published:
12 Apr 2022 -
Author:
Jie Zhang -
Pages:
3
The cost inflation and higher discounted activity along with the industry-wide supply challenges since last winter have negatively affected Asos’ profitability during the first half.
Although the stock position for H2 has significantly enhanced, the group warned that the higher risk from inflationary pressure and the suspension of activity in Russia may weigh on the FY22 performance.
So far, the group has maintained its FY22 guidance.