ASOS PLC (FRA:DYQ)

€ 5.03 0.034 (0.68%) Market Cap: 637.37 Mil Enterprise Value: 1.34 Bil PE Ratio: 0 PB Ratio: 0.99 GF Score: 65/100

ASOS PLC Trading Statement Call Transcript

Jul 18, 2019 / 08:30AM GMT

Release Date Price: €25.09 (-15.89%)

Transcript

Operator

Good morning, ladies and gentlemen, and thank you for standing by. Welcome to today's ASOS Trading Update Conference Call. (Operator Instructions) I must advise you that this conference is being recorded today, Thursday, 18th of July, 2019.

I'd now like to hand the conference over to your speaker today, Nick Beighton. Please go ahead, sir.

Nicholas Beighton

ASOS Plc - CEO, Member of Executive Board & Director

Thank you, operator. Good morning, everybody, and thank you for dialing in today at relatively short notice -- at such short notice.

I'm joined today with Alison and our new CFO, Matt, who will be adding to the presentation as we go through.

Right. First of all, as you're aware, we're currently working through a major overhaul of our warehouse and tech capabilities. This transformational change, which will enable us to access significant future global growth and future efficiencies. We did have ambitious plans for landing this change, and it's been a lot bumpier and taken a lot longer than we initially planned.

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