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ASOS (AIM: ASC) 1H18 Results: Revenues and Profits Surge as Site Visits Pass Billion Mark

Executive Summary

  • ASOS reported 1H18 group revenue growth of 27.1%. At constant currency, revenues grew by 25.0%.
  • Gross margin increased by 90 basis points, SG&A as a percentage of sales grew by 130 basis points and operating margin expanded by 40 basis points.
  • Diluted EPS was 29.2 pence, representing an increase of 11.0% from 1H17.

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