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ASOS (AIM: ASC) 1H17 Results: Weak Pound, Strong International Sales Drive Growth; Company Raises FY17 Revenue Forecast

Executive Summary

  • ASOS reported 1H17 revenue growth of 37.5% to £911.5 million. At constant currency, revenue grew by 31%.
  • Adjusted EPS increased by 43.7% to 26.3 pence.
  • For FY17, ASOS aims to grow sales in the range of 30%–35%, helped by sterling weakness and the resulting foreign-exchange benefits.

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