(CercleFinance.com) – The online ready-to-wear specialist Asos reported online results on Wednesday for its 2021/2022 financial year, which ended at the end of August.
The British group, which has warned about its results several times this year, saw its sales increase by only 1% to 3.94 billion pounds (4.5 billion euros) over the past financial year.
Its pre-tax profit fell to 22 million pounds, against 193.6 million pounds at the end of the previous financial year.
In its press release, Asos indicates that its activity remained “volatile” at the start of its new financial year 2022/2023, however noting a “slight improvement” in September compared to August.
The company believes that it remains ‘very difficult’ to predict the evolution of consumer behavior for the coming year given the instability of the current economic environment.
On the London Stock Exchange, the distributor’s action rose 14% on Wednesday, rebounding after having recently smashed the major support of 500 pence.
Copyright © 2022 CercleFinance.com. All rights reserved.
Did you like this article ? Share it with your friends with the buttons below.
