Asos Results Presentation Deck
© 2023 asos
EBIT adjusting items for H1 totalled £203.1m, with
a cash impact of £23m. Adjusting items for H2
guided to be in the range of £25-£30m
Stock write off
Property impairments
Other strategic initiatives of Driving Change agenda
H1 23 (£'m)
EBIT impact
One-off non-cash impairment
charge to write down assets
for sites vacated
128.2
49.4
10.6
Topshop brands amortisation
Non-underlying sales tax
Total of Adjusting Items
Cash impact of Adjusting Items
Property impairments
A number of Group-occupied sites were vacated in H1, including office and
warehouse space, resulting in:
5.1
9.8
203.1
23.0
Accelerated
depreciation charge on
sites to be vacated in H2
H2 23 expected
EBIT impact
(£'m)
c.3
5-10
c.12
c.5
25-30
10-15
Exit provisions relating to onerous
contract costs on leased sites
identified for closure
A
28
36
P
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