1519 GMT - ASOS's update is a mixed bag, Panmure Liberum analysts Anubhav Malhotra and Wayne Brown write in a note. "We would caution against reading too positively into it," they say. The U.K. online fashion retailer expects significant improvement in profitability as well as earnings ahead of market views for the first half of its fiscal year 2025. However, it also estimates revenue in line with consensus, which currently guides for a 13% decline. The guidance for full-year Ebitda between 130 million pounds and 150 million pounds is based on assumptions of a return to flat sales or growth in the second half, which seems unlikely, they say. Shares are up 21% at 309.60 pence. (andrea.figueras@wsj.com)
(END) Dow Jones Newswires
March 21, 2025 11:19 ET (15:19 GMT)
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