![]() We have reduced our stock balance by c.30%, significantly improved the core profitability of the business, strengthened our balance sheet, and refreshed our leadership team. “FY23 was a year of good progress for ASOS in a very challenging environment and I am proud of what the business has achieved. Jos é Antonio Ramos Calamonte, Chief Executive Officer said: In FY25, we expect to return to growth with EBITDA margin around pre-COVID levels. Anticipate sales decline of 5% to 15% in FY24, with positive adjusted EBITDA and material cash generation driven by stock sell-through, further reducing net debt. ![]() Expect to exit FY24 with majority of stock operating on the new commercial model and inventory restored to pre-COVID levels, Test & React scaled to over 10% of own brand, and 200% growth in Partner Fulfils.
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