TIDMASC

RNS Number : 2900F

ASOS PLC

16 May 2017

ASOS plc ("the Company")

Fire at ASOS Eurohub 2 Distribution Centre in Berlin

At 3.00am on Tuesday 16th May 2017, a fire broke out in our new Eurohub 2 Distribution Centre based outside of Berlin. A full evacuation was conducted successfully with no injuries to the team. All relevant safety measures were executed as planned and the fire was contained to one of the four chambers in the first phase of the development. Contingency plans were executed successfully with customer orders currently being fulfilled via our Barnsley warehouse.

As at Monday 15th May 2017, the business held c7m units of stock within the Eurohub 2 facility. There were c2.0m units of stock in the affected chamber with a cost value of cGBP25m of which our initial estimate of 25% or cGBP6.25m could be compromised by fire and water damage.

None of the technology, automation or structure of the building has been affected by the fire. The clean-up process is underway and it is anticipated that the other three chambers of the site will be operational again later today. We are fully insured for loss of stock and any subsequent business interruption.

For further information:

 
 ASOS plc                               Tel: 020 7756 
                                         1000 
 Nick Beighton, Chief Executive 
  Officer 
 Helen Ashton, Chief Financial 
  Officer 
  Greg Feehely, Director of Investor 
  Relations 
  Website: www.asosplc.com/investors 
 
 
   Instinctif Partners                    Tel: 020 7457 
                                          2020 
 Matthew Smallwood / Guy Scarborough 
 
 
   JPMorgan Cazenove                      Tel: 020 7742 
                                          4000 
 Michael Wentworth-Stanley / Caroline 
  Thomlinson 
 
 
   Numis Securities                       Tel: 020 7260 
                                          1000 
 Alex Ham / Luke Bordewich

Background note

ASOS is a global fashion destination for 20-somethings. We sell cutting-edge fashion and offer a wide variety of fashion-related content, making ASOS.com the hub of a thriving fashion community. We sell over 85,000 branded and own-label products through localised mobile and web experiences, delivering from our fulfilment centres in the UK, US and Europe to almost every country in the world.

We tailor the mix of own-label, global and local brands sold through each of our eight local language websites: UK, US, France, Germany, Spain, Italy, Australia and Russia.

ASOS's websites attracted 127 million visits during February 2017 (February 2016: 106 million) and as at 28 February 2017 it had 14.1 million active customers1 (29 February 2016: 10.9 million), of which 5.0 million were located in the UK and 9.1 million were located in our international territories (29 February 2016: 4.3 million in the UK and 6.6 million internationally).

(1) Defined as having shopped in the last twelve months as at 28 February 2017

This information is provided by RNS

The company news service from the London Stock Exchange

END

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(END) Dow Jones Newswires

May 16, 2017 06:10 ET (10:10 GMT)

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