ASOS : Trading statement in line with expectations
>15% sales decline and profits at lower end of range - Today, Asos released a trading statement for the period P4 which is the quarter ending 3 September. Sales declined 15% y-o-y, in line with the guidance and expectations. The company indicated a strong start to the period followed by a weaker performance in July and August amidst a deterioration in the UK clothing market. P4 will be another profitable quarter with c. £ 300m of profit improvement and cost savings ha...ASOS and its subsidiaries (together, the Group) is a global fashion retailer. The Group sells products across the world and has websites targeting the U.K., U.S., Australia, France, Germany, Spain, Italy and Russia. Co. creates and curates fashion, face + body products for every fashion-loving 20-something.
Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.
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