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Company Earning Updates 5 minutes

ASOS (LSE: ASC) FY19 Results: Revenues Ahead of Consensus, but Profits Plummet

Coresight Research

Key Points

  • ASOS reported FY19 group sales of £2.73 billion, up 12% year over year on a constant-currency basis (up 13% as reported) and ahead of the consensus estimate of £2.71 billion recorded by StreetAccount.
  • The company reported diluted EPS of 29.4 pence, down 70% year over year, and below the consensus of 30.4 pence.
  • Profit before tax (PBT) declined 68% to £33.1 million, but was marginally ahead of the consensus estimate of £32.7 million.

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